Short Interest in Nidec Corp. (OTCMKTS:NJDCY) Grows By 487.5%

Key Points

• Short interest in Nidec Corp. increased by 487.5% in September, rising from 6,400 shares to 37,600 shares, reflecting a growing sentiment among investors.
• Brokerages have upgraded Nidec's stock rating, with Wall Street Zen moving it to a "strong-buy" and Zacks Research changing its rating from strong sell to hold.
• Nidec's quarterly earnings reported a net margin of 6.06% with revenue of $4.35 billion, meeting analysts' estimates for earnings per share at $0.07.

Nidec Corp. (OTCMKTS:NJDCY - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 37,600 shares, an increase of 487.5% from the September 15th total of 6,400 shares. Based on an average daily volume of 637,700 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 637,700 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NJDCY. Wall Street Zen raised Nidec from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 23rd. Zacks Research raised Nidec from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Nidec Stock Performance

NJDCY traded up $0.08 on Friday, reaching $4.14. 404,292 shares of the stock were exchanged, compared to its average volume of 287,174. The company's 50-day moving average price is $4.63 and its 200 day moving average price is $4.57. The firm has a market capitalization of $39.50 billion, a PE ratio of 18.00, a PEG ratio of 0.70 and a beta of 1.12. Nidec has a fifty-two week low of $3.18 and a fifty-two week high of $5.70. 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 (OTCMKTS:NJDCY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The industrial goods maker reported $0.07 earnings per share for the quarter, meeting analysts' consensus estimates of $0.07. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $647.61 billion. Nidec had a return on equity of 9.18% and a net margin of 6.06%. Nidec has set its FY 2025 guidance at 1.210-1.210 EPS. Q1 2025 guidance at 0.270-0.270 EPS. As a group, sell-side analysts forecast 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.

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