Nabtesco Co. (OTCMKTS:NCTKY) Sees Large Drop in Short Interest

Nabtesco Co. (OTCMKTS:NCTKY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a decrease of 85.0% from the February 28th total of 6,000 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 2.3 days.

Nabtesco Trading Up 1.0 %

Nabtesco stock traded up $0.10 during mid-day trading on Wednesday, hitting $9.94. The company’s stock had a trading volume of 1,176 shares, compared to its average volume of 1,272. Nabtesco has a twelve month low of $7.00 and a twelve month high of $13.98. The stock’s fifty day moving average price is $9.29 and its two-hundred day moving average price is $8.81.

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.