Short Interest in Panasonic Holdings Co. (OTCMKTS:PCRFY) Drops By 23.5%

Panasonic Holdings Co. (OTCMKTS:PCRFYGet Rating) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 469,500 shares, a decrease of 23.5% from the April 30th total of 613,600 shares. Based on an average trading volume of 693,400 shares, the days-to-cover ratio is presently 0.7 days.

Separately, Zacks Investment Research lowered shares of Panasonic from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th.

Shares of Panasonic stock opened at $9.40 on Monday. The firm has a fifty day moving average of $9.18 and a two-hundred day moving average of $10.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.90 and a current ratio of 1.29. The stock has a market capitalization of $23.07 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.47 and a beta of 0.80. Panasonic has a 52 week low of $8.61 and a 52 week high of $13.66.

Panasonic Company Profile (Get Rating)

Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions segments. The Appliances segment offers air conditioners, refrigerators, washing machines, vacuum cleaners, microwave ovens, rice cookers, personal care products, TVs, digital cameras, video equipment, home audio equipment, fixed-phones, show cases, compressors, and fuel cells.

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