Short Interest in Nabtesco Co. (OTCMKTS:NCTKF) Drops By 81.7%

Nabtesco Co. (OTCMKTS:NCTKF - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 31,500 shares, a drop of 81.7% from the May 15th total of 172,000 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 315.0 days. Approximately 0.0% of the shares of the company are short sold.

Nabtesco Price Performance

NCTKF remained flat at $15.81 on Friday. The business has a fifty day moving average price of $16.35 and a 200-day moving average price of $16.66. The firm has a market cap of $1.90 billion, a PE ratio of 24.70 and a beta of 0.56. Nabtesco has a twelve month low of $13.48 and a twelve month high of $19.75. The company has a quick ratio of 1.43, a current ratio of 1.98 and a debt-to-equity ratio of 0.04.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The business had revenue of $544.60 million for the quarter, compared to analyst estimates of $484.64 million. Nabtesco had a net margin of 2.89% and a return on equity of 4.18%. Equities research analysts expect that Nabtesco will post 0.7 earnings per share for the current fiscal year.

About Nabtesco

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots' joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.