Short Interest in Amada Co., Ltd. (OTCMKTS:AMDWF) Rises By 446.3%

Amada Co., Ltd. (OTCMKTS:AMDWF) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 283,000 shares, an increase of 446.3% from the June 15th total of 51,800 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is presently 76.5 days.

Amada Price Performance

OTCMKTS AMDWF remained flat at $10.98 during midday trading on Thursday. The stock’s fifty day simple moving average is $10.04 and its 200 day simple moving average is $9.86. Amada has a fifty-two week low of $10.98 and a fifty-two week high of $10.98.

About Amada

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.