Kubota Corp. (OTCMKTS:KUBTY) Short Interest Down 67.6% in August

Key Points

• Kubota Corp. reported a significant drop in short interest, decreasing by 67.6% in August to a total of 8,800 shares.
• The company's stock opened at $62.12 and has a market cap of $14.34 billion, with a P/E ratio of 12.35.
• Analyst ratings for Kubota vary, with Goldman Sachs upgrading the stock to "strong-buy" while UBS has placed it at a "hold" rating.

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 8,800 shares, a decline of 67.6% from the August 15th total of 27,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 28,400 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 28,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

KUBTY has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of Kubota from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 5th. UBS Group lowered shares of Kubota from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Zacks Research raised shares of Kubota from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Kubota Stock Performance

Shares of KUBTY traded down $0.61 during trading hours on Wednesday, reaching $62.52. 8,509 shares of the company traded hands, compared to its average volume of 14,566. The stock's fifty day moving average is $59.00 and its 200 day moving average is $58.31. The stock has a market cap of $14.44 billion, a P/E ratio of 12.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.75. Kubota has a 1-year low of $51.65 and a 1-year high of $74.95.

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

About Kubota

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.