Nidec Co. (OTCMKTS:NJDCY) Short Interest Up 69.1% in April

Nidec Co. (OTCMKTS:NJDCY) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 85,900 shares, an increase of 69.1% from the March 31st total of 50,800 shares. Based on an average trading volume of 335,200 shares, the days-to-cover ratio is currently 0.3 days.

Nidec Price Performance

Shares of NJDCY stock traded up $0.30 during mid-day trading on Monday, hitting $11.38. 81,100 shares of the stock were exchanged, compared to its average volume of 177,889. The firm has a fifty day moving average of $10.03 and a 200 day moving average of $9.84. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. Nidec has a 52-week low of $8.94 and a 52-week high of $15.78. The company has a market cap of $26.23 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 0.41 and a beta of 1.24.

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.