Nidec Co. (OTCMKTS:NJDCY) Short Interest Down 22.3% in May

Nidec Co. (OTCMKTS:NJDCY - Get Free Report) saw a significant drop in short interest during the month of 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 company are short sold.

Nidec Stock Performance

Shares of NJDCY traded up $0.02 during midday trading on Friday, reaching $4.78. 70,826 shares of the stock were exchanged, compared to its average volume of 328,297. Nidec has a twelve month low of $3.18 and a twelve month high of $6.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.09. The company has a market capitalization of $45.60 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 0.62 and a beta of 1.14. The business's 50-day moving average price is $4.27 and its 200 day moving average price is $4.41.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its quarterly 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 firm 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%. On average, sell-side analysts expect that Nidec will post 0.25 EPS for the current fiscal year.

About Nidec

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.