Nidec Co. (OTCMKTS:NJDCY) Short Interest Update

Nidec Co. (OTCMKTS:NJDCY - Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 234,400 shares, an increase of 573.6% from the May 15th total of 34,800 shares. Based on an average daily trading volume, of 788,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company's shares are sold short.

Nidec Trading Down 0.6%

NJDCY stock traded down $0.03 during midday trading on Friday, hitting $5.06. 178,693 shares of the company's stock were exchanged, compared to its average volume of 325,131. Nidec has a one year low of $3.18 and a one year high of $6.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.69. The company has a market cap of $48.28 billion, a PE ratio of 31.63, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The stock's fifty day moving average price is $4.43 and its 200-day moving average price is $4.43.

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 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 business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $650.52 billion. Research analysts predict that Nidec will post 0.25 earnings per share for the current fiscal 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.