Kubota Corp. (OTCMKTS:KUBTY) Short Interest Up 305.2% in September

Key Points

• Kubota Corp. experienced a significant increase in short interest by 305.2% in September, rising from 5,800 shares to 23,500 shares.
• The company's stock showed a trading increase, reaching $68.31 per share, while its market cap stands at $15.77 billion.
• While Goldman Sachs upgraded Kubota's rating to "strong-buy," Zacks Research lowered it to "strong sell," resulting in a consensus rating of "Hold" among analysts.

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 23,500 shares, an increase of 305.2% from the September 15th total of 5,800 shares. Based on an average daily volume of 24,300 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 24,300 shares, the short-interest ratio is currently 1.0 days.

Kubota Stock Performance

Shares of OTCMKTS KUBTY traded up $0.65 during midday trading on Friday, hitting $68.31. The company's stock had a trading volume of 14,727 shares, compared to its average volume of 11,073. Kubota has a 1-year low of $51.65 and a 1-year high of $68.79. The firm's fifty day moving average price is $62.18 and its 200-day moving average price is $58.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.75. The firm has a market cap of $15.77 billion, a P/E ratio of 13.58 and a beta of 0.98.

Kubota (OTCMKTS:KUBTY - Get Free Report) last posted its quarterly 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 net margin of 5.97% and a return on equity of 6.50%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $752.88 billion. On average, sell-side analysts forecast that Kubota will post 5.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KUBTY. 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 lowered shares of Kubota from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold".

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.

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