Nidec Corp. (OTCMKTS:NJDCY) Short Interest Down 82.5% in July

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 target of a large decline in short interest in July. As of July 31st, there was short interest totaling 33,700 shares, adeclineof82.5% from the July 15th total of 193,000 shares. Based on an average daily trading volume, of 442,900 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 442,900 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

Nidec Price Performance

NJDCY stock opened at $4.92 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 1.00. Nidec has a one year low of $3.18 and a one year high of $5.55. The stock has a market cap of $46.94 billion, a PE ratio of 21.39, a P/E/G ratio of 0.75 and a beta of 1.08. The firm has a 50 day simple moving average of $4.85 and a two-hundred day simple moving average of $4.52.

Nidec (OTCMKTS:NJDCY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The industrial goods maker reported $0.07 EPS for the quarter, hitting analysts' consensus estimates of $0.07. Nidec had a net margin of 6.06% and a return on equity of 9.18%. The business had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $647.61 billion. On average, analysts predict that Nidec will post 0.25 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.