Nabtesco Co. (OTCMKTS:NCTKF) Sees Significant Decrease in Short Interest

Nabtesco Co. (OTCMKTS:NCTKF) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 171,000 shares, a decrease of 20.0% from the January 31st total of 213,700 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Nabtesco Stock Performance

Shares of OTCMKTS:NCTKF remained flat at $17.10 during trading hours on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.98. The firm’s 50-day moving average is $17.24 and its two-hundred day moving average is $16.41. Nabtesco has a 1 year low of $13.48 and a 1 year high of $19.75. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 26.72 and a beta of 0.56.

Nabtesco (OTCMKTS:NCTKF) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.24 earnings per share (EPS) for the quarter. Nabtesco had a return on equity of 4.18% and a net margin of 2.89%. Research analysts forecast that Nabtesco will post 0.7 EPS for the current year.

Nabtesco Company Profile

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots’ joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.