Nidec Corp. (OTCMKTS:NJDCY) Short Interest Update

Nidec Corp. (OTCMKTS:NJDCY) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 30,012 shares, a growth of 275.9% from the February 26th total of 7,983 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 173,878 shares, the days-to-cover ratio is currently 0.2 days.

Nidec Stock Down 1.5%

Nidec stock opened at $3.37 on Friday. The firm has a market cap of $32.15 billion, a price-to-earnings ratio of 12.96 and a beta of 0.96. The stock has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $3.59. Nidec has a 12 month low of $1.84 and a 12 month high of $5.70. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26.

Nidec Company Profile

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.