Kubota Co. (OTCMKTS:KUBTY) Short Interest Up 208.9% in March

Kubota Co. (OTCMKTS:KUBTY) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 17,300 shares, a growth of 208.9% from the February 28th total of 5,600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 0.5 days.

Kubota Stock Down 3.1 %

OTCMKTS:KUBTY traded down $2.02 during trading hours on Friday, hitting $62.46. 23,210 shares of the stock traded hands, compared to its average volume of 42,998. The firm has a 50 day moving average price of $62.96 and a 200 day moving average price of $63.78. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 5.29 and a beta of 0.96. Kubota has a fifty-two week low of $54.19 and a fifty-two week high of $85.00. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.50.

Kubota (OTCMKTS:KUBTY) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.94 earnings per share for the quarter. Kubota had a return on equity of 8.73% and a net margin of 7.63%. The firm had revenue of $4.85 billion for the quarter. Equities research analysts anticipate that Kubota will post 5.57 earnings per share for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Kubota from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th.

About Kubota

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.