NSK Ltd. (OTCMKTS:NPSKY) Sees Large Increase in Short Interest

NSK Ltd. (OTCMKTS:NPSKY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 822 shares, a growth of 410.6% from the August 15th total of 161 shares. Based on an average daily trading volume, of 612 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the company’s shares are sold short.

NSK Price Performance

NPSKY remained flat at $14.11 during trading on Friday. 195 shares of the company’s stock were exchanged, compared to its average volume of 447. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.45 billion, a PE ratio of 17.00 and a beta of 0.65. The company has a 50 day simple moving average of $14.33 and a 200-day simple moving average of $14.86. NSK has a twelve month low of $9.88 and a twelve month high of $18.45.

NSK (OTCMKTS:NPSKY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.07. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. NSK had a return on equity of 4.48% and a net margin of 3.24%.

NSK Company Profile

NSK Ltd. is a Japan-based manufacturer of bearings and precision machinery products. The company supplies ball and roller bearings used in automobiles, industrial equipment, machine tools, wind turbines and other applications. Its products are designed to reduce friction, support rotating components and improve the efficiency and reliability of mechanical systems.

NSK also develops automotive components, including steering systems, drivetrain-related products and bearings for vehicle applications.