THK Co., Ltd. (OTCMKTS:THKLY) Sees Large Drop in Short Interest

THK Co., Ltd. (OTCMKTS:THKLY) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 200 shares, a drop of 50.0% from the May 15th total of 400 shares. Based on an average daily volume of 31,800 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

THK Stock Performance

OTCMKTS:THKLY opened at $13.47 on Monday. The company has a current ratio of 4.09, a quick ratio of 2.95 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $12.61 and a two-hundred day moving average price of $12.23. THK has a twelve month low of $7.68 and a twelve month high of $14.62. The company has a market capitalization of $3.50 billion, a P/E ratio of 49.89 and a beta of 0.81.

THK (OTCMKTS:THKLY) last posted its earnings results on Friday, May 9th. The company reported $0.01 earnings per share for the quarter. THK had a net margin of 2.94% and a return on equity of 2.69%. The firm had revenue of $557.16 million during the quarter. As a group, research analysts expect that THK will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded shares of THK to a “strong-buy” rating in a research note 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.