Nidec Co. (OTCMKTS:NJDCY) Short Interest Update

Nidec Co. (OTCMKTS:NJDCY) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 28,300 shares, a decline of 24.1% from the March 15th total of 37,300 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 431,500 shares, the days-to-cover ratio is presently 0.1 days.

Nidec Stock Up 2.3 %

NJDCY stock traded up $0.08 during trading on Monday, hitting $3.63. 230,428 shares of the stock traded hands, compared to its average volume of 328,658. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.09. The stock has a market cap of $34.63 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.13. Nidec has a 1 year low of $3.18 and a 1 year high of $6.63. The firm’s 50 day moving average is $4.19 and its two-hundred day moving average is $4.59.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings data on Thursday, January 23rd. The industrial goods maker reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Nidec had a return on equity of 6.45% and a net margin of 4.41%. On average, sell-side analysts anticipate that Nidec will post 0.25 EPS for the current year.

About Nidec

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.