Thk Co., Ltd. (OTCMKTS:THKLY) Sees Large Increase in Short Interest

Key Points

• Thk Co., Ltd. experienced a significant rise in short interest, increasing by 136.4% in July, totaling 2,600 shares as of July 31st.
• The company's last quarterly earnings report showed an EPS of $0.10 with revenues of $631.98 million, and analysts predict an EPS of 0.48 for the current fiscal year.
• In recent analyst ratings, Deutsche Bank downgraded THK to a "sell," while Nomura Securities upgraded it to a "strong-buy."

Thk Co., Ltd. (OTCMKTS:THKLY - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,600 shares, anincreaseof136.4% from the July 15th total of 1,100 shares. Currently,0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 11,000 shares, the short-interest ratio is presently 0.2 days. Currently,0.0% of the shares of the stock are short sold.

THK Stock Down 1.0%

OTCMKTS:THKLY traded down $0.1360 on Thursday, hitting $13.38. The stock had a trading volume of 1,961 shares, compared to its average volume of 12,370. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.06 and a current ratio of 3.00. The stock has a market cap of $3.47 billion, a P/E ratio of 70.42 and a beta of 0.83. THK has a 1 year low of $7.78 and a 1 year high of $15.26. The firm's fifty day simple moving average is $13.60 and its two-hundred day simple moving average is $12.85.

THK (OTCMKTS:THKLY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.10 EPS for the quarter. The firm had revenue of $631.98 million during the quarter. THK had a net margin of 2.02% and a return on equity of 1.96%. Analysts predict that THK will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on THKLY. Nomura Securities upgraded shares of THK to a "strong-buy" rating in a report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft cut shares of THK to a "sell" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

About THK

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.