Nidec Corp. (OTCMKTS:NJDCY) Short Interest Update

Nidec Corp. (OTCMKTS:NJDCY) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 18,128 shares, a growth of 140.9% from the January 15th total of 7,525 shares. Based on an average trading volume of 134,685 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 134,685 shares, the short-interest ratio is presently 0.1 days.

Nidec Stock Up 5.7%

Shares of NJDCY traded up $0.22 during mid-day trading on Thursday, reaching $4.10. The company had a trading volume of 18,651 shares, compared to its average volume of 43,513. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 15.77 and a beta of 0.99. The firm has a 50-day moving average price of $3.35 and a 200 day moving average price of $3.89. Nidec has a 52 week low of $1.84 and a 52 week high of $5.70.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Nidec had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.29 billion. On average, sell-side analysts forecast that Nidec will post 0.25 EPS for the current year.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure cut Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Nidec

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.