Nabtesco (OTCMKTS:NCTKF) Short Interest Update

Key Points

• Nabtesco experienced a 365% increase in short interest in August, with a total of 389,700 shares as of August 15th.
• The company reported earnings of $0.19 per share for the last quarter, exceeding analysts' expectations of $0.13.
• Nabtesco's current stock price is flat at $15.81, with a market capitalization of $1.90 billion.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 389,700 shares, anincreaseof365.0% from the July 31st total of 83,800 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 779.4 days. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 779.4 days.

Nabtesco Stock Performance

Shares of OTCMKTS NCTKF remained flat at $15.81 during mid-day trading on Wednesday. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 20.26 and a beta of -0.06. Nabtesco has a 52-week low of $13.48 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.42 and a current ratio of 1.90. The business has a 50-day moving average of $15.78 and a two-hundred day moving average of $16.32.

Nabtesco (OTCMKTS:NCTKF - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. Nabtesco had a net margin of 3.35% and a return on equity of 5.01%. The company had revenue of $582.31 million during the quarter, compared to the consensus estimate of $567.03 million. On average, analysts anticipate that Nabtesco will post 0.7 EPS 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.

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