Nabtesco Co. (OTCMKTS:NCTKF) Sees Large Drop in Short Interest

Nabtesco Co. (OTCMKTS:NCTKF) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 53,100 shares, a decline of 55.9% from the September 15th total of 120,500 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is currently 40.8 days.

Nabtesco stock remained flat at $$38.55 during trading on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.01. Nabtesco has a 12 month low of $38.55 and a 12 month high of $38.55. The company has a market capitalization of $4.73 billion, a P/E ratio of 5.29 and a beta of 1.68. The stock’s 50 day moving average price is $38.55 and its 200-day moving average price is $41.99.

Separately, Zacks Investment Research upgraded shares of Nabtesco from a “strong sell” rating to a “hold” rating in a research note on Saturday, October 2nd.

About Nabtesco

Nabtesco Corp. engages in the manufacture and sale of motion control technology based products. It operates through the following segments: Component Solutions, Transport Solutions, Accessibility Solutions, and Others. The Component Solutions segment handles the design, manufacture, sale, maintenance and repair of industrial robot parts and equipment for construction machinery.

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