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

Key Points

• Nidec Corp. experienced a significant reduction in short interest, declining by 82.5% in July, resulting in a total of 33,700 shares shorted as of July 31st.
• Analysts at Wall Street Zen downgraded Nidec's stock rating from "buy" to "hold" on July 31st.
• Nidec reported $0.07 EPS for the last quarter, matching analysts' expectations, with a revenue of $4.35 billion.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 33,700 shares, adecreaseof82.5% from the July 15th total of 193,000 shares. Approximately0.0% of the company's stock are short sold. Based on an average daily trading volume, of 442,900 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 442,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Nidec from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st.

Nidec Stock Performance

NJDCY traded down $0.09 during midday trading on Wednesday, hitting $5.18. 51,927 shares of the company traded hands, compared to its average volume of 289,046. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $49.42 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 0.78 and a beta of 1.08. The company's 50-day moving average is $4.86 and its 200 day moving average is $4.54. Nidec has a 52 week low of $3.18 and a 52 week high of $5.55.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $4.35 billion for the quarter, compared to analysts' expectations of $647.61 billion. Nidec had a net margin of 6.06% and a return on equity of 9.18%. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. On average, research analysts expect that Nidec will post 0.25 EPS for the current year.

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.