Short Interest in Thk Co., Ltd. (OTCMKTS:THKLY) Expands By 25.0%

Key Points

• Short interest in THK Co., Ltd. increased by 25.0% in August, reaching a total of 4,000 shares as of August 31st.
• THK stock experienced a slight uptick of 0.5%, currently priced at $13.85 with a market cap of $3.30 billion.
• Analysts have varied opinions on THK, with one firm downgrading it to a "sell" and another upgrading it to a "strong-buy," resulting in an average rating of "Moderate Buy."

Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,000 shares, a growth of 25.0% from the August 15th total of 3,200 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company's shares are sold short.

THK Stock Performance

Shares of THK stock traded up $0.01 on Monday, hitting $13.89. The stock had a trading volume of 5,055 shares, compared to its average volume of 2,511. THK has a twelve month low of $7.78 and a twelve month high of $15.26. The business's 50 day moving average is $13.76 and its two-hundred day moving average is $13.07. The company has a quick ratio of 2.08, a current ratio of 2.99 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 73.11 and a beta of 0.86.

THK (OTCMKTS:THKLY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.10 EPS for the quarter. The company had revenue of $631.98 million for the quarter. THK had a return on equity of 1.99% and a net margin of 2.02%. Analysts forecast that THK will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on THKLY shares. Deutsche Bank Aktiengesellschaft lowered THK to a "sell" rating in a research report on Friday, August 8th. Nomura Securities upgraded THK to a "strong-buy" rating in a research report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, THK currently has a consensus rating of "Moderate Buy".

THK Company Profile

THK Co, Ltd. engages in the manufacture and sale of mechanical components worldwide. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings/ double row angular contact ring, electric actuators, linear motor actuators, cam followers, roller followers, linear bushes, LM strokes, slide packs, slide rails, cross roller guides and tables, linear ball slides, LM and flat rollers, spline nuts, screw nuts, change nuts, precision linear packs, link balls, rod ends, spherical plain bearings, lubrication accessories, and seismic isolation products.