Short Interest in Kubota Corp. (OTCMKTS:KUBTY) Rises By 1,197.7%

Kubota Corp. (OTCMKTS:KUBTY) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 12,860 shares, a growth of 1,197.7% from the December 31st total of 991 shares. Based on an average daily volume of 80,787 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 80,787 shares, the days-to-cover ratio is currently 0.2 days.

Kubota Trading Up 0.9%

Kubota stock traded up $0.65 during mid-day trading on Tuesday, reaching $76.32. 11,437 shares of the company traded hands, compared to its average volume of 27,431. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.68 and a quick ratio of 1.26. Kubota has a 52-week low of $51.65 and a 52-week high of $79.28. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 14.85 and a beta of 0.91. The firm’s 50 day moving average price is $72.70 and its 200 day moving average price is $65.89.

Kubota (OTCMKTS:KUBTY) last posted its earnings results on Friday, November 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.16 by $0.32. Kubota had a net margin of 5.95% and a return on equity of 6.50%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.93 billion. On average, analysts anticipate that Kubota will post 5.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KUBTY shares. UBS Group upgraded shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Zacks Research raised shares of Kubota from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Kubota has an average rating of “Strong Buy”.

Kubota Company Profile

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.