Nabtesco (OTCMKTS:NCTKF) Sees Significant Drop in Short Interest

Nabtesco (OTCMKTS:NCTKF) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 95,522 shares, a decline of 61.9% from the April 30th total of 250,744 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 37 shares, the days-to-cover ratio is presently 2,581.7 days.

Nabtesco Stock Performance

Shares of Nabtesco stock remained flat at $35.00 during trading hours on Monday. Nabtesco has a fifty-two week low of $22.77 and a fifty-two week high of $37.00. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 38.46 and a beta of 0.23. The stock has a fifty day moving average of $27.95 and a two-hundred day moving average of $26.73. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.03.

Nabtesco (OTCMKTS:NCTKF) last announced its earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $524.07 million during the quarter, compared to analysts’ expectations of $489.36 million.

Nabtesco Company Profile

Nabtesco Corporation, headquartered in Tokyo, Japan, is a global manufacturer of precision motion control systems and equipment. Established in November 2003 through the reorganization of Teijin Seiki and related businesses, the company focuses on delivering high-performance, reliable components that meet stringent industrial requirements.

Its product portfolio spans several core segments, including Motion Control—comprising precision reduction gears, actuators and speed reducers—Transport Systems, which supplies automatic train door mechanisms, brake systems and platform screen doors, and Aircraft & Hydraulic Equipment, covering landing-gear actuation systems, hydraulic pumps and control valves for aerospace and industrial markets.