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Nabtesco Co. (OTCMKTS:NCTKF) Sees Large Growth in Short Interest

Nabtesco logo with Transportation background

Nabtesco Co. (OTCMKTS:NCTKF - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 172,000 shares, a growth of 26.1% from the April 30th total of 136,400 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 1,720.0 days. Approximately 0.1% of the shares of the company are sold short.

Nabtesco Stock Performance

Shares of NCTKF remained flat at $15.81 during midday trading on Wednesday. The company has a 50-day simple moving average of $16.53 and a 200-day simple moving average of $16.57. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 24.70 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.98. Nabtesco has a fifty-two week low of $13.48 and a fifty-two week high of $19.75.

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 the consensus estimate of $0.21 by ($0.03). The firm had revenue of $544.60 million during the quarter, compared to the consensus estimate of $484.64 million. Nabtesco had a return on equity of 4.18% and a net margin of 2.89%. Analysts forecast that Nabtesco will post 0.7 earnings per share for the current year.

About Nabtesco

(Get Free Report)

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.

Further Reading

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