Nabtesco Co. (OTCMKTS:NCTKY) Sees Significant Increase in Short Interest

Nabtesco Co. (OTCMKTS:NCTKY) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 417 shares, a growth of 561.9% from the May 14th total of 63 shares. Based on an average daily trading volume, of 1,479 shares, the short-interest ratio is presently 0.3 days.

Nabtesco Trading Down 4.5%

Shares of OTCMKTS:NCTKY traded down $0.68 on Wednesday, hitting $14.50. The company had a trading volume of 476 shares, compared to its average volume of 6,068. The firm’s 50-day simple moving average is $16.08 and its two-hundred day simple moving average is $14.51. Nabtesco has a 1 year low of $7.25 and a 1 year high of $19.46.

Nabtesco Company Profile

Nabtesco Corporation, headquartered in Tokyo, Japan, is a leading global supplier of precision equipment and motion control systems. The company was established in 2003 through the integration of Teijin Seiki Co, Ltd. and Nabco Ltd., drawing on a long heritage of engineering expertise dating back to the mid-20th century. Since its founding, Nabtesco has focused on delivering advanced mechanical and electronic components that enhance safety, reliability and efficiency across a variety of industries.

At the core of Nabtesco’s offering are its precision reduction gears and servo actuators, which provide high-accuracy motion control for industrial automation, robotics and factory machinery.