Short Interest in Nidec Co. (OTCMKTS:NJDCY) Drops By 22.3%

Nidec Co. (OTCMKTS:NJDCY - Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 34,800 shares, a drop of 22.3% from the April 30th total of 44,800 shares. Based on an average daily volume of 694,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Nidec Price Performance

OTCMKTS:NJDCY traded down $0.02 during mid-day trading on Thursday, hitting $4.83. 552,206 shares of the company's stock traded hands, compared to its average volume of 330,591. The firm's 50 day simple moving average is $4.26 and its 200 day simple moving average is $4.41. Nidec has a 1 year low of $3.18 and a 1 year high of $6.38. The company has a market cap of $46.08 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.69.

Nidec (OTCMKTS:NJDCY - Get Free Report) last announced its earnings results on Thursday, April 24th. The industrial goods maker reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $650.52 billion. Nidec had a return on equity of 6.45% and a net margin of 4.41%. Sell-side analysts expect that Nidec will post 0.25 EPS for the current year.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.