Amada Co., Ltd. (OTCMKTS:AMDWF) Sees Significant Decline in Short Interest

Amada Co., Ltd. (OTCMKTS:AMDWF) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 51,500 shares, a drop of 85.9% from the November 30th total of 366,100 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 39.6 days.

Amada Stock Performance

Shares of Amada stock remained flat at $9.46 during midday trading on Friday. Amada has a 52 week low of $9.26 and a 52 week high of $10.98. The stock has a 50 day simple moving average of $9.75 and a 200 day simple moving average of $10.08.

Amada Company Profile

Amada Co, Ltd., together with its subsidiaries, manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally. It offers sheet metal fabrication machines, including laser machines, punch and laser combination machines, turret punch presses, press brakes, bending robots, and welders, as well as software solutions; general fabrication machines, such as shearing and deburring machines, corner shear, iron worker, AMS SPACE series, horizontal benders, tapping and fastener insertion machines, and environment related products; cutting fluids, lubricants, and other consumables; and a range of tools for bending and punching.