Nidec Co. (OTCMKTS:NJDCY) Short Interest Up 1,150.0% in March

Nidec Co. (OTCMKTS:NJDCY) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 15,000 shares, a growth of 1,150.0% from the February 29th total of 1,200 shares. Based on an average daily volume of 524,100 shares, the days-to-cover ratio is currently 0.0 days.

Nidec Trading Down 1.8 %

Shares of NJDCY opened at $10.23 on Thursday. The business’s 50-day moving average price is $9.55 and its 200 day moving average price is $10.06. The stock has a market capitalization of $23.58 billion, a P/E ratio of 39.35, a P/E/G ratio of 0.53 and a beta of 1.24. Nidec has a 1-year low of $8.94 and a 1-year high of $15.78. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

Nidec (OTCMKTS:NJDCY) last released its earnings results on Wednesday, January 24th. The industrial goods maker reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Nidec had a return on equity of 5.35% and a net margin of 3.55%. The company had revenue of $4.02 billion for the quarter. Analysts expect that Nidec will post 0.44 earnings per share for the current year.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.