Nidec Corp. (OTCMKTS:NJDCY) Sees Significant Drop in Short Interest

Key Points

• Nidec Corp. experienced a significant drop in short interest during September, falling 86.5% from 47,400 shares to just 6,400 shares.
• As of the latest trading session, Nidec shares have increased to $4.36, with a market capitalization of $41.55 billion.
• Analysts have recently upgraded Nidec's stock rating, with Zacks Research moving it from a "strong sell" to a "hold," while Wall Street Zen upgraded it to a "strong-buy."

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 6,400 shares, a drop of 86.5% from the August 31st total of 47,400 shares. Based on an average trading volume of 980,300 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 980,300 shares, the short-interest ratio is currently 0.0 days.

Nidec Price Performance

Shares of NJDCY traded up $0.12 during trading hours on Tuesday, hitting $4.36. 514,808 shares of the company were exchanged, compared to its average volume of 295,674. Nidec has a one year low of $3.18 and a one year high of $5.70. The company has a market capitalization of $41.55 billion, a PE ratio of 18.93, a PEG ratio of 0.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.00. The firm has a fifty day simple moving average of $4.80 and a 200-day simple moving average of $4.60.

Nidec (OTCMKTS:NJDCY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share for the quarter, hitting analysts' consensus estimates of $0.07. The firm had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $647.61 billion. Nidec had a return on equity of 9.18% and a net margin of 6.06%. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. As a group, sell-side analysts predict that Nidec will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Nidec from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Wall Street Zen raised Nidec from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

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.

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