Nidec Corp. (OTCMKTS:NJDCY) Short Interest Down 71.8% in March

Key Points

• Nidec experienced a 71.8% drop in short interest in March to 8,452 shares (now 0.0% of shares sold short), leaving a very low days-to-cover ratio of about 0.2 based on average daily volume.
• The stock opened at $3.55, has a market capitalization of $33.91 billion and a trailing P/E of 13.67, trading near its 50- and 200-day moving averages (~$3.54 and $3.51) with a 12‑month range of $1.84–$5.70.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 8,452 shares, a drop of 71.8% from the March 15th total of 30,012 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 45,925 shares, the days-to-cover ratio is currently 0.2 days.

Nidec Stock Performance

Shares of OTCMKTS:NJDCY opened at $3.55 on Friday. The firm has a market capitalization of $33.91 billion, a PE ratio of 13.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06. The business has a 50-day moving average of $3.54 and a two-hundred day moving average of $3.51. Nidec has a 12 month low of $1.84 and a 12 month high of $5.70.

About Nidec

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.

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