Nabtesco (OTCMKTS:NCTKF) Sees Significant Increase in Short Interest

Nabtesco (OTCMKTS:NCTKF) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 250,744 shares, an increase of 154.9% from the April 15th total of 98,352 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Currently, 0.2% of the shares of the stock are short sold.

Nabtesco Price Performance

Shares of OTCMKTS NCTKF remained flat at $37.00 during midday trading on Friday. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. Nabtesco has a one year low of $22.77 and a one year high of $37.00. The business’s 50-day simple moving average is $26.16 and its two-hundred day simple moving average is $25.74. The firm has a market cap of $4.34 billion, a PE ratio of 40.66 and a beta of 0.10.

Nabtesco (OTCMKTS:NCTKF) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $524.07 million during the quarter, compared to analyst estimates of $489.36 million.

Nabtesco Company Profile

Nabtesco Corporation, headquartered in Tokyo, Japan, is a global manufacturer of precision motion control systems and equipment. Established in November 2003 through the reorganization of Teijin Seiki and related businesses, the company focuses on delivering high-performance, reliable components that meet stringent industrial requirements.

Its product portfolio spans several core segments, including Motion Control—comprising precision reduction gears, actuators and speed reducers—Transport Systems, which supplies automatic train door mechanisms, brake systems and platform screen doors, and Aircraft & Hydraulic Equipment, covering landing-gear actuation systems, hydraulic pumps and control valves for aerospace and industrial markets.