Nabtesco Co. (OTCMKTS:NCTKY – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 417 shares, a growth of 561.9% from the May 14th total of 63 shares. Based on an average daily trading volume, of 1,479 shares, the days-to-cover ratio is currently 0.3 days.
Nabtesco Price Performance
Shares of OTCMKTS:NCTKY traded up $1.45 during midday trading on Thursday, reaching $15.95. The company had a trading volume of 1,567 shares, compared to its average volume of 6,020. The company’s 50 day moving average price is $16.11 and its 200 day moving average price is $14.53. Nabtesco has a 52-week low of $7.25 and a 52-week high of $19.46.
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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