Nidec Co. (OTCMKTS:NJDCY) Short Interest Down 46.6% in April

Nidec Co. (OTCMKTS:NJDCY - Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 15,100 shares, a decline of 46.6% from the March 31st total of 28,300 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,615,400 shares, the days-to-cover ratio is currently 0.0 days.

Nidec Price Performance

NJDCY traded up $0.14 on Friday, reaching $4.52. The stock had a trading volume of 262,316 shares, compared to its average volume of 315,283. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $43.12 billion, a price-to-earnings ratio of 28.25, a price-to-earnings-growth ratio of 0.62 and a beta of 1.13. Nidec has a fifty-two week low of $3.18 and a fifty-two week high of $6.63. The firm has a 50-day moving average of $4.13 and a 200-day moving average of $4.42.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The industrial goods maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Nidec had a net margin of 4.41% and a return on equity of 6.45%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $650.52 billion. As a group, sell-side analysts anticipate 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.