Nabtesco Co. (OTCMKTS:NCTKY) Short Interest Update

Nabtesco Co. (OTCMKTS:NCTKY) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 6,000 shares, an increase of 2,900.0% from the February 13th total of 200 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 2.4 days.

Nabtesco Stock Down 4.2 %

NCTKY stock traded down $0.42 during trading hours on Wednesday, hitting $9.60. 548 shares of the stock were exchanged, compared to its average volume of 1,460. The company has a 50-day simple moving average of $9.32 and a two-hundred day simple moving average of $8.75. Nabtesco has a 12 month low of $7.00 and a 12 month high of $13.98.

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.