Nabtesco (OTCMKTS:NCTKF) Sees Large Decline in Short Interest

Key Points

• Nabtesco experienced a significant decline in short interest, dropping by 81.7% in September, with short interest totaling 63,000 shares by September 30th.
• The company's quarterly earnings report showed an EPS of $0.19, surpassing estimates, and a revenue of $582.31 million, exceeding expectations as well.
• Nabtesco's shares remained flat at $22.77, while it has a market cap of $2.74 billion and a price-to-earnings ratio of 29.19.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 63,000 shares, a decline of 81.7% from the September 15th total of 344,300 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 630.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 630.0 days.

Nabtesco Stock Performance

Shares of OTCMKTS:NCTKF remained flat at $22.77 during trading on Friday. The company has a current ratio of 1.92, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04. Nabtesco has a 52-week low of $15.81 and a 52-week high of $22.77. The stock's 50 day simple moving average is $18.71 and its two-hundred day simple moving average is $17.05. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 29.19 and a beta of -0.06.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $582.31 million for the quarter, compared to analysts' expectations of $567.03 million. Nabtesco had a return on equity of 4.93% and a net margin of 3.35%. As a group, analysts forecast that Nabtesco will post 0.7 EPS for the current year.

Nabtesco Company Profile

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.

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