Thk Co., Ltd. (OTCMKTS:THKLY) Sees Significant Decrease in Short Interest

Thk Co., Ltd. (OTCMKTS:THKLY) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 582 shares, a decline of 62.8% from the May 31st total of 1,563 shares. Based on an average daily trading volume, of 2,198 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded THK from a “strong sell” rating to a “neutral” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

THK Stock Performance

THK stock opened at $23.20 on Monday. THK has a 52 week low of $11.93 and a 52 week high of $25.70. The stock has a market capitalization of $5.53 billion, a P/E ratio of 77.35 and a beta of 1.14. The stock has a 50-day simple moving average of $21.85 and a 200 day simple moving average of $17.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.24.

THK (OTCMKTS:THKLY) last posted its earnings results on Monday, May 11th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $440.05 million during the quarter. THK had a net margin of 1.85% and a return on equity of 1.93%.

THK Company Profile

THK Co, Ltd. is a global manufacturer specializing in mechanical components that enable precise linear and rotational motion. Founded in 1971 and headquartered in Tokyo, Japan, the company pioneered the development of rolling-element linear motion guides, introducing its first “LM Guide” in 1972. Over the decades, THK has expanded its product portfolio to include linear actuators, ball screws, spherical joints, and mechatronic systems designed for automation and high-precision applications.

THK’s core offerings serve a broad range of industries, including machine tools, semiconductor manufacturing, medical devices, robotics, and aerospace.