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

THK Co., Ltd. (OTCMKTS:THKLY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,000 shares, an increase of 212.5% from the February 29th total of 1,600 shares. Based on an average daily volume of 34,200 shares, the short-interest ratio is presently 0.1 days.

THK Trading Up 0.7 %

Shares of OTCMKTS THKLY opened at $11.47 on Thursday. The business’s 50 day moving average is $10.37 and its 200-day moving average is $9.78. THK has a 1-year low of $8.56 and a 1-year high of $11.79. The company has a current ratio of 4.53, a quick ratio of 3.41 and a debt-to-equity ratio of 0.26.

THK (OTCMKTS:THKLY) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. THK had a return on equity of 5.04% and a net margin of 5.22%. The firm had revenue of $567.63 million for the quarter, compared to analyst estimates of $529.63 million. Analysts expect that THK will post 0.53 EPS for the current fiscal year.

About THK

THK Co, Ltd. engages in the manufacture and sale of machine components in Japan, the Americas, Europe, China, and internationally. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings and tables, electric actuators and linear motor actuators, cam followers, roller followers, linear bushes, slide packs, slide rails, cross roller guides, linear ball slides, LM and flat rollers, spline nuts, LM strokes, screw nuts, change nuts, precision linear packs, link balls, rod ends, spherical plain bearings, lubrication accessories, and seismic isolation products.