Kubota Corp. (OTCMKTS:KUBTY) Short Interest Up 29.5% in July

Kubota Corp. (OTCMKTS:KUBTY) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 14,500 shares, agrowthof29.5% from the July 15th total of 11,200 shares. Based on an average daily volume of 40,600 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.0% of the shares of the company are short sold. Currently,0.0% of the shares of the company are short sold. Based on an average daily volume of 40,600 shares, the days-to-cover ratio is presently 0.4 days.

Kubota Stock Up 0.9%

Shares of Kubota stock opened at $60.31 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.67 and a quick ratio of 1.25. Kubota has a 1-year low of $51.65 and a 1-year high of $74.95. The business has a 50-day moving average of $57.10 and a 200-day moving average of $58.56. The company has a market capitalization of $13.93 billion, a PE ratio of 11.99, a P/E/G ratio of 5.38 and a beta of 1.04.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). Kubota had a return on equity of 6.57% and a net margin of 5.97%.The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $752.88 billion. As a group, equities analysts forecast that Kubota will post 5.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KUBTY shares. UBS Group lowered Kubota from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 20th. The Goldman Sachs Group raised Kubota from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. Finally, Zacks Research raised Kubota from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Kubota currently has an average rating of “Moderate Buy”.

About Kubota

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.