Nidec Corp. (OTCMKTS:NJDCY) Sees Large Growth in Short Interest

Key Points

• Short interest surged 275.9% to 30,012 shares as of March 13, though this still represents approximately 0.0% of shares short and a very low short-interest ratio of 0.2 days, given average daily volume.
• Nidec shares opened at $3.38 (down ~1.2%); the company has a market capitalization of $32.25 billion, a P/E of 13.0, and a 12-month trading range of $1.84–$5.70.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 30,012 shares, an increase of 275.9% from the February 26th total of 7,983 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 173,878 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 173,878 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Nidec Trading Down 1.2%

Shares of Nidec stock opened at $3.38 on Wednesday. The firm's 50 day simple moving average is $3.58 and its two-hundred day simple moving average is $3.59. The firm has a market capitalization of $32.25 billion, a price-to-earnings ratio of 13.00 and a beta of 0.96. Nidec has a 12-month low of $1.84 and a 12-month high of $5.70. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26.

Nidec Company Profile

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.