Nidec Co. (OTCMKTS:NJDCY - Get Free Report) saw a large increase in short interest in the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 788,200 shares, the days-to-cover ratio is presently 0.3 days.
Nidec Stock Performance
Nidec stock traded up $0.04 during trading on Thursday, reaching $5.09. The company had a trading volume of 301,894 shares, compared to its average volume of 326,451. Nidec has a 52 week low of $3.18 and a 52 week high of $6.37. The firm's 50-day simple moving average is $4.39 and its 200 day simple moving average is $4.42. The firm has a market capitalization of $48.56 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.
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 analysts' consensus estimates of $0.08 by ($0.03). Nidec had a return on equity of 6.45% and a net margin of 4.41%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $650.52 billion. Sell-side analysts forecast that Nidec will post 0.25 earnings per share for the current fiscal year.
Nidec Company Profile
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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.
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