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) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 8,800 shares, a decrease of 67.6% from the August 15th total of 27,200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 28,400 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 28,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Kubota Stock Performance

Shares of KUBTY opened at $62.12 on Friday. Kubota has a one year low of $51.65 and a one year high of $74.95. The company has a 50-day moving average of $58.48 and a two-hundred day moving average of $58.32. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 12.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.75 and a quick ratio of 1.31.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KUBTY shares. The Goldman Sachs Group raised shares of Kubota from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 5th. Zacks Research upgraded shares of Kubota from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Finally, UBS Group lowered shares of Kubota from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Kubota currently has a consensus rating of "Moderate Buy".

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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