Nabtesco (OTCMKTS:NCTKF) Short Interest Down 61.9% in May

Nabtesco (OTCMKTS:NCTKF) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 95,522 shares, a decrease of 61.9% from the April 30th total of 250,744 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 37 shares, the short-interest ratio is currently 2,581.7 days.

Nabtesco Price Performance

OTCMKTS:NCTKF remained flat at $35.00 during trading hours on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.51 and a current ratio of 1.90. The company’s fifty day simple moving average is $27.79 and its 200 day simple moving average is $26.64. The stock has a market cap of $4.10 billion, a P/E ratio of 38.46 and a beta of 0.10. Nabtesco has a 1-year low of $22.77 and a 1-year high of $37.00.

Nabtesco (OTCMKTS:NCTKF) last issued its earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $524.07 million during the quarter, compared to analyst estimates of $489.36 million.

Nabtesco Company Profile

Nabtesco Corporation, headquartered in Tokyo, Japan, is a global manufacturer of precision motion control systems and equipment. Established in November 2003 through the reorganization of Teijin Seiki and related businesses, the company focuses on delivering high-performance, reliable components that meet stringent industrial requirements.

Its product portfolio spans several core segments, including Motion Control—comprising precision reduction gears, actuators and speed reducers—Transport Systems, which supplies automatic train door mechanisms, brake systems and platform screen doors, and Aircraft & Hydraulic Equipment, covering landing-gear actuation systems, hydraulic pumps and control valves for aerospace and industrial markets.