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

Amada Co., Ltd. (OTCMKTS:AMDWF) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 671,900 shares, a growth of 532.1% from the October 15th total of 106,300 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 6,719.0 days.

Amada Price Performance

Shares of OTCMKTS:AMDWF opened at $10.32 on Thursday. Amada has a 1 year low of $9.60 and a 1 year high of $10.98. The company’s 50 day simple moving average is $10.15 and its 200 day simple moving average is $10.15.

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.