NSK Ltd. (OTCMKTS:NPSKY) Stock Short Interest Report for October

Key Points

• NSK’s short interest surged 232.3% to 1,625 shares as of October 15, up from 489 shares at the end of September. Despite the increase, short interest represents approximately 0.0% of shares outstanding, with a short-interest ratio of 1.4 days.
• NSK shares opened at $14.11, compared with a 52-week range of $10.00 to $18.45. The company has a $3.45 billion market capitalization and trades at a P/E ratio of 17.00.
• In its latest quarterly results, NSK reported EPS of $0.25, exceeding analysts’ $0.18 estimate, while revenue of $1.60 billion also surpassed expectations of $1.57 billion.

NSK Ltd. (OTCMKTS:NPSKY - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,625 shares, a growth of 232.3% from the September 30th total of 489 shares. Based on an average daily volume of 1,126 shares, the short-interest ratio is presently 1.4 days. Approximately 0.0% of the shares of the company are sold short.

NSK Price Performance

NSK stock opened at $14.11 on Thursday. NSK has a fifty-two week low of $10.00 and a fifty-two week high of $18.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.40 and a current ratio of 2.06. The company has a market capitalization of $3.45 billion, a P/E ratio of 17.00 and a beta of 0.67. The stock has a 50-day simple moving average of $14.00 and a 200-day simple moving average of $14.60.

NSK (OTCMKTS:NPSKY - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.07. NSK had a return on equity of 4.48% and a net margin of 3.24%. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.57 billion.

About NSK

NSK Ltd. is a Japan-based manufacturer of bearings and precision machinery products. Founded in 1916, the company supplies components used in automotive, industrial machinery, machine tools, semiconductor manufacturing equipment and other applications.

NSK's product portfolio includes ball bearings, roller bearings, hub units, automotive steering systems, electric power steering components, ball screws, linear guides and other precision motion-control products. Its technologies are designed to support reduced friction, accurate movement, durability and energy efficiency across a range of industrial and transportation applications.

Headquartered in Tokyo, NSK serves customers worldwide through a network of manufacturing, research and development, sales and service operations across Japan, the Americas, Europe and Asia.

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