Nidec Corp. (OTCMKTS:NJDCY) Short Interest Update

Key Points

• Nidec Corp. experienced a significant decline in short interest, dropping 25.6% in August, with 47,400 shares short sold as of the end of the month.
• Analysts have upgraded Nidec's stock rating, with Zacks Research moving from a "strong sell" to a "hold," and Wall Street Zen increasing their rating to a "strong-buy."
• The company's recent quarterly earnings were in line with expectations, reporting $0.07 earnings per share on revenue of $4.35 billion, meeting analysts' consensus estimates.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 47,400 shares, a decline of 25.6% from the August 15th total of 63,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 237,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 237,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Nidec Stock Performance

OTCMKTS:NJDCY traded down $0.03 during mid-day trading on Friday, hitting $4.50. 142,299 shares of the stock were exchanged, compared to its average volume of 321,673. The stock has a market capitalization of $42.93 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.08. The firm's 50-day simple moving average is $4.83 and its 200 day simple moving average is $4.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.53. Nidec has a fifty-two week low of $3.18 and a fifty-two week high of $5.70.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates 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, equities analysts anticipate that Nidec will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

NJDCY has been the subject of several research analyst reports. Wall Street Zen upgraded Nidec from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 23rd. Zacks Research upgraded Nidec from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently 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.