Nabtesco (OTCMKTS:NCTKF) Short Interest Update

Key Points

• Nabtesco experienced a significant decline in short interest, dropping by 39.8% in July, with total short interest at 83,800 shares.
• The company reported earnings per share of $0.19, exceeding estimates, alongside revenue of $582.31 million for the last quarter.
• Nabtesco's stock is currently priced at $15.8050 with a market capitalization of $1.90 billion and a P/E ratio of 20.26.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 83,800 shares, adeclineof39.8% from the July 15th total of 139,200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Approximately0.1% of the company's shares are sold short. Approximately0.1% of the company's shares are sold short. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Nabtesco Trading Down 1.7%

OTCMKTS NCTKF traded down $0.2619 during trading hours on Friday, hitting $15.5431. 6 shares of the company were exchanged, compared to its average volume of 270. The stock has a 50-day moving average price of $15.79 and a 200 day moving average price of $16.38. The company has a quick ratio of 1.42, a current ratio of 1.90 and a debt-to-equity ratio of 0.04. Nabtesco has a 52 week low of $13.4820 and a 52 week high of $19.75. The stock has a market cap of $1.87 billion and a PE ratio of 19.93.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. Nabtesco had a return on equity of 5.01% and a net margin of 3.35%.The company had revenue of $582.31 million for the quarter, compared to analysts' expectations of $567.03 million. Analysts forecast that Nabtesco will post 0.7 earnings per share for the current fiscal 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.