Nabtesco Co. (OTCMKTS:NCTKF) Sees Significant Growth in Short Interest

Nabtesco Co. (OTCMKTS:NCTKFGet Rating) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 321,300 shares, an increase of 16.5% from the March 31st total of 275,700 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 3,213.0 days.

Separately, Zacks Investment Research cut shares of Nabtesco from a “buy” rating to a “hold” rating in a report on Saturday, February 5th.

OTCMKTS:NCTKF opened at $21.70 on Thursday. The stock has a market cap of $2.66 billion, a P/E ratio of 3.93 and a beta of 1.68. The firm’s fifty day simple moving average is $25.63 and its 200 day simple moving average is $28.77. Nabtesco has a twelve month low of $21.70 and a twelve month high of $26.26. The company has a quick ratio of 1.25, a current ratio of 1.48 and a debt-to-equity ratio of 0.01.

Nabtesco Company Profile (Get Rating)

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. It operates through Component Solutions, Transport Solutions, and Accessibility Solutions segments. The company offers precision reduction gears for industrial robots' joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, door operating units, test equipment, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.

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