Nidec Corp. (OTCMKTS:NJDCY) Sees Significant Decline in Short Interest

Nidec Corp. (OTCMKTS:NJDCY) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 8,188 shares, a decline of 78.9% from the November 30th total of 38,833 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 339,630 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 339,630 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Nidec Trading Up 0.3%

Shares of Nidec stock traded up $0.01 on Friday, hitting $3.26. 293,386 shares of the company’s stock traded hands, compared to its average volume of 313,761. The company has a fifty day moving average of $3.27 and a two-hundred day moving average of $4.23. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 12.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06. Nidec has a one year low of $1.84 and a one year high of $5.70.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Nidec had a net margin of 6.82% and a return on equity of 10.15%. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.29 billion. As a group, sell-side analysts expect that Nidec will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NJDCY has been the topic of a number of recent research reports. Macquarie lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Zacks Research raised shares of Nidec from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Nidec

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.