Thk Co., Ltd. (OTCMKTS:THKLY) Sees Large Decline in Short Interest

Thk Co., Ltd. (OTCMKTS:THKLY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 9 shares, a decrease of 91.0% from the June 30th total of 100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,219 shares, the days-to-cover ratio is presently 0.0 days.

THK Stock Performance

OTCMKTS THKLY remained flat at $21.13 during trading on Friday. 292 shares of the company’s stock were exchanged, compared to its average volume of 578. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.03 billion, a PE ratio of 70.43 and a beta of 1.16. THK has a 1 year low of $11.93 and a 1 year high of $25.70. The stock has a fifty day simple moving average of $22.95 and a 200-day simple moving average of $18.53.

THK (OTCMKTS:THKLY) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.14 EPS for the quarter. The business had revenue of $440.05 million for the quarter.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of THK from a “strong sell” rating to a “neutral” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, THK currently has a consensus rating of “Reduce”.

THK Company Profile

THK Co, Ltd. is a global manufacturer specializing in mechanical components that enable precise linear and rotational motion. Founded in 1971 and headquartered in Tokyo, Japan, the company pioneered the development of rolling-element linear motion guides, introducing its first “LM Guide” in 1972. Over the decades, THK has expanded its product portfolio to include linear actuators, ball screws, spherical joints, and mechatronic systems designed for automation and high-precision applications.

THK’s core offerings serve a broad range of industries, including machine tools, semiconductor manufacturing, medical devices, robotics, and aerospace.