Nabtesco Co. (OTCMKTS:NCTKF) Short Interest Update

Nabtesco Co. (OTCMKTS:NCTKF) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 172,000 shares, a growth of 26.1% from the April 30th total of 136,400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 1,720.0 days. Currently, 0.1% of the company’s stock are sold short.

Nabtesco Price Performance

NCTKF opened at $15.81 on Thursday. Nabtesco has a 12-month low of $13.48 and a 12-month high of $19.75. The company has a current ratio of 1.98, a quick ratio of 1.43 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $16.53 and its 200-day simple moving average is $16.57. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.70 and a beta of 0.56.

Nabtesco (OTCMKTS:NCTKF) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Nabtesco had a return on equity of 4.18% and a net margin of 2.89%. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $484.64 million. On average, equities research analysts anticipate that Nabtesco will post 0.7 earnings per share for the current fiscal year.

About Nabtesco

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. 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, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.