Nabtesco Co. (OTCMKTS:NCTKF) Short Interest Update

Nabtesco Co. (OTCMKTS:NCTKF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 162,700 shares, a drop of 12.8% from the February 28th total of 186,600 shares. Based on an average trading volume of 8,000 shares, the short-interest ratio is currently 20.3 days. Approximately 0.1% of the shares of the stock are sold short.

Nabtesco Stock Performance

Shares of OTCMKTS:NCTKF remained flat at $17.10 during trading on Thursday. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 26.72 and a beta of 0.56. The firm has a 50-day moving average price of $17.10 and a 200-day moving average price of $16.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.98 and a quick ratio of 1.43. Nabtesco has a 52 week low of $13.48 and a 52 week high of $19.75.

Nabtesco (OTCMKTS:NCTKF) last released its earnings results on Wednesday, February 12th. The company reported $0.24 earnings per share for the quarter. Nabtesco had a net margin of 2.89% and a return on equity of 4.18%. On average, research analysts expect that Nabtesco will post 0.7 EPS for the current fiscal year.

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.