Nabtesco Co. (OTCMKTS:NCTKY – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,399 shares, a growth of 235.5% from the May 31st total of 417 shares. Based on an average daily trading volume, of 3,452 shares, the days-to-cover ratio is currently 0.4 days.
Nabtesco Price Performance
Shares of OTCMKTS NCTKY opened at $16.51 on Friday. Nabtesco has a 52 week low of $7.56 and a 52 week high of $19.46. The company’s 50-day moving average price is $16.71 and its 200 day moving average price is $14.83.
About Nabtesco
Nabtesco Corporation, headquartered in Tokyo, Japan, is a leading global supplier of precision equipment and motion control systems. The company was established in 2003 through the integration of Teijin Seiki Co, Ltd. and Nabco Ltd., drawing on a long heritage of engineering expertise dating back to the mid-20th century. Since its founding, Nabtesco has focused on delivering advanced mechanical and electronic components that enhance safety, reliability and efficiency across a variety of industries.
At the core of Nabtesco’s offering are its precision reduction gears and servo actuators, which provide high-accuracy motion control for industrial automation, robotics and factory machinery.
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