Kubota Corp. (OTCMKTS:KUBTY) Sees Significant Decrease in Short Interest

Key Points

• Kubota Corp. experienced a significant 34.1% drop in short interest in September, with total short interest at 5,800 shares, down from 8,800 shares in August.
• The company reported earnings per share (EPS) of $1.54 for the last quarter, missing analysts' expectations of $1.59.
• Analysts have mixed ratings on Kubota, with Zacks Research downgrading the stock to a "strong sell" and Goldman Sachs raising it to a "strong-buy."

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,800 shares, a drop of 34.1% from the August 31st total of 8,800 shares. Based on an average trading volume of 29,900 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 29,900 shares, the days-to-cover ratio is presently 0.2 days.

Kubota Stock Performance

Shares of KUBTY traded up $0.56 during mid-day trading on Monday, reaching $65.96. 8,482 shares of the company's stock were exchanged, compared to its average volume of 39,423. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.75 and a quick ratio of 1.31. The stock has a market capitalization of $15.23 billion, a PE ratio of 13.11 and a beta of 0.98. The business's fifty day simple moving average is $60.76 and its 200-day simple moving average is $58.17. Kubota has a 52-week low of $51.65 and a 52-week high of $71.50.

Kubota (OTCMKTS:KUBTY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). The business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $752.88 billion. Kubota had a return on equity of 6.50% and a net margin of 5.97%. On average, equities research analysts expect that Kubota will post 5.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KUBTY shares. Zacks Research cut shares of Kubota from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 16th. The Goldman Sachs Group raised shares of Kubota from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

Kubota Company Profile

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.

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