Short Interest in Nidec Co. (OTCMKTS:NJDCY) Rises By 238.7%

Nidec Co. (OTCMKTS:NJDCY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 50,800 shares, a growth of 238.7% from the March 15th total of 15,000 shares. Based on an average trading volume of 210,300 shares, the days-to-cover ratio is presently 0.2 days.

Nidec Price Performance

Shares of OTCMKTS NJDCY traded up $0.18 during midday trading on Thursday, reaching $10.26. 149,646 shares of the stock traded hands, compared to its average volume of 179,289. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 0.97. The stock has a market capitalization of $23.65 billion, a PE ratio of 39.46, a P/E/G ratio of 0.38 and a beta of 1.24. Nidec has a one year low of $8.94 and a one year high of $15.78. The company's 50 day moving average is $9.67 and its 200 day moving average is $9.91.

Nidec (OTCMKTS:NJDCY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The industrial goods maker reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. The company had revenue of $4.02 billion during the quarter. Nidec had a return on equity of 5.35% and a net margin of 3.55%. On average, equities research analysts anticipate that Nidec will post 0.44 earnings per share for the current year.

Nidec Company Profile

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.