Short Interest in NSK Ltd. (OTCMKTS:NPSKY) Decreases By 97.9%

Key Points

• Short interest in NSK Ltd. (OTCMKTS:NPSKY) experienced a dramatic decrease of 97.9% in July, dropping from 4,700 shares to just 100 shares.
• The company reported earnings per share (EPS) of $0.03 for the last quarter, missing analysts' expectations of $0.08 by $0.05.
• NSK's stock price remained stable at $10.00, with a one-year low of $7.29 and a high of $11.20.

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 100 shares, adeclineof97.9% from the July 15th total of 4,700 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 0.3 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 400 shares, the short-interest ratio is presently 0.3 days.

NSK Stock Performance

OTCMKTS:NPSKY remained flat at $10.00 on Tuesday. The stock's fifty day simple moving average is $9.46 and its 200-day simple moving average is $8.92. NSK has a 12-month low of $7.29 and a 12-month high of $11.20. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 0.30.

NSK (OTCMKTS:NPSKY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.38 billion.

NSK Company Profile

NSK Ltd., together with its subsidiaries, manufactures and sells industrial machinery bearings, automotive products, and precision machinery and parts worldwide. Its products include ball bearings; roller bearings; bearing units; super precision bearings; bearings for steel industry, mining and construction, papermaking machines, and pumps and compressors; and bearings for special environments, including sanitary, corrosive, vacuum, cleanroom, high-temperature, non-magnetic requirement, and dust-contaminated environments.