Thk Co., Ltd. (OTCMKTS:THKLY) Short Interest Up 136.4% in July

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 recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,600 shares, agrowthof136.4% from the July 15th total of 1,100 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 0.2 days.

THK Price Performance

THK stock opened at $13.78 on Friday. THK has a 52-week low of $7.78 and a 52-week high of $15.26. The company has a quick ratio of 2.06, a current ratio of 3.00 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average is $13.61 and its 200 day moving average is $12.82. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 72.50 and a beta of 0.83.

THK (OTCMKTS:THKLY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.10 EPS for the quarter. THK had a return on equity of 1.96% and a net margin of 2.02%. The business had revenue of $631.98 million during the quarter. Sell-side analysts forecast that THK will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

THKLY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut THK to a "sell" rating in a report on Friday, August 8th. Nomura Securities raised shares of THK to a "strong-buy" rating in a research note on Tuesday, May 27th.

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.

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