Kubota Co. (OTCMKTS:KUBTY) Short Interest Update

Kubota Co. (OTCMKTS:KUBTY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 17,300 shares, a growth of 208.9% from the February 28th total of 5,600 shares. Based on an average daily volume of 36,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Kubota from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th.

Kubota Trading Down 0.3 %

OTCMKTS:KUBTY traded down $0.22 during mid-day trading on Thursday, hitting $64.64. 11,006 shares of the company’s stock were exchanged, compared to its average volume of 43,700. The company has a 50 day simple moving average of $62.75 and a 200-day simple moving average of $63.83. The firm has a market capitalization of $14.93 billion, a P/E ratio of 9.90, a PEG ratio of 5.29 and a beta of 0.96. Kubota has a fifty-two week low of $54.19 and a fifty-two week high of $85.00. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.50.

Kubota (OTCMKTS:KUBTY) last announced its earnings results on Thursday, February 13th. The industrial products company reported $0.94 earnings per share for the quarter. The business had revenue of $4.85 billion during the quarter. Kubota had a net margin of 7.63% and a return on equity of 8.73%. As a group, research analysts expect that Kubota will post 5.57 earnings per share for the current year.

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.