Thk Co., Ltd. (OTCMKTS:THKLY) Short Interest Down 50.0% in May

Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 200 shares, a decrease of 50.0% from the May 15th total of 400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is currently 0.0 days.

THK Stock Up 1.8%

OTCMKTS:THKLY traded up $0.24 during mid-day trading on Wednesday, hitting $13.43. The company had a trading volume of 5,390 shares, compared to its average volume of 14,340. The business has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $12.25. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 58.39 and a beta of 0.81. THK has a 1 year low of $7.68 and a 1 year high of $14.62. The company has a current ratio of 3.00, a quick ratio of 2.06 and a debt-to-equity ratio of 0.21.

THK (OTCMKTS:THKLY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter. THK had a return on equity of 2.34% and a net margin of 2.48%. The company had revenue of $557.16 million for the quarter. Equities analysts forecast that THK will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Nomura Securities raised shares of THK to a "strong-buy" rating in a research report on Tuesday, May 27th.

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.