Nidec Co. (OTCMKTS:NJDCY) Short Interest Up 22.0% in July

Nidec Co. (OTCMKTS:NJDCY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 23,300 shares, an increase of 22.0% from the July 15th total of 19,100 shares. Based on an average daily volume of 107,000 shares, the days-to-cover ratio is currently 0.2 days.

Nidec Trading Up 3.3 %

Nidec stock traded up $0.34 during mid-day trading on Friday, hitting $10.50. The company’s stock had a trading volume of 33,110 shares, compared to its average volume of 124,679. Nidec has a one year low of $8.94 and a one year high of $13.27. The stock has a market cap of $24.20 billion, a PE ratio of 26.92, a P/E/G ratio of 0.57 and a beta of 1.12. The company has a 50 day moving average of $10.91 and a 200-day moving average of $10.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.62.

Nidec (OTCMKTS:NJDCY) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial goods maker reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.01 billion. Nidec had a net margin of 4.80% and a return on equity of 7.01%. On average, research analysts anticipate that Nidec will post 0.56 EPS for the current year.

About Nidec

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.