Nidec Co. (OTCMKTS:NJDCY) Short Interest Down 24.1% in March

Nidec Co. (OTCMKTS:NJDCY - Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 28,300 shares, a decrease of 24.1% from the March 15th total of 37,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 431,500 shares, the short-interest ratio is presently 0.1 days.

Nidec Stock Performance

OTCMKTS:NJDCY traded up $0.28 during midday trading on Thursday, reaching $4.06. The stock had a trading volume of 255,958 shares, compared to its average volume of 326,670. The stock has a market capitalization of $38.73 billion, a P/E ratio of 25.38, a PEG ratio of 0.62 and a beta of 1.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.09. Nidec has a 1-year low of $3.18 and a 1-year high of $6.63. The firm's fifty day simple moving average is $4.15 and its 200-day simple moving average is $4.53.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The industrial goods maker reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Nidec had a return on equity of 6.45% and a net margin of 4.41%. On average, equities research analysts forecast 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.