FARO Technologies, Inc. (NASDAQ:FARO – Get Rating) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 486,100 shares, a decrease of 6.9% from the October 15th total of 522,300 shares. Based on an average trading volume of 108,700 shares, the days-to-cover ratio is currently 4.5 days.
Wall Street Analyst Weigh In
FARO has been the subject of several research analyst reports. DA Davidson decreased their price objective on FARO Technologies from $50.00 to $40.00 in a research report on Thursday, August 4th. Needham & Company LLC decreased their price objective on FARO Technologies from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Finally, StockNews.com started coverage on FARO Technologies in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.
FARO Technologies Stock Performance
FARO opened at $33.71 on Friday. FARO Technologies has a 1-year low of $25.20 and a 1-year high of $78.39. The stock’s fifty day simple moving average is $29.36 and its 200 day simple moving average is $31.54.
Institutional Investors Weigh In On FARO Technologies
About FARO Technologies
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions in North America, South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to quickly and accurate position components; and FARO Laser Scanning Portfolio to measure and collect a cloud of data points.
- Get a free copy of the StockNews.com research report on FARO Technologies (FARO)
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