Nabtesco Co. (OTCMKTS:NCTKY) Short Interest Up 1,146.6% in April

Nabtesco Co. (OTCMKTS:NCTKY) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 9,985 shares, an increase of 1,146.6% from the April 15th total of 801 shares. Based on an average daily volume of 8,260 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Nabtesco to a “buy” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Nabtesco Price Performance

OTCMKTS:NCTKY traded up $2.19 on Wednesday, reaching $18.69. The stock had a trading volume of 10,725 shares, compared to its average volume of 7,182. The firm’s fifty day moving average is $14.75 and its two-hundred day moving average is $13.77. Nabtesco has a 12-month low of $7.16 and a 12-month high of $19.46.

About Nabtesco

Nabtesco Corporation, headquartered in Tokyo, Japan, is a leading global supplier of precision equipment and motion control systems. The company was established in 2003 through the integration of Teijin Seiki Co, Ltd. and Nabco Ltd., drawing on a long heritage of engineering expertise dating back to the mid-20th century. Since its founding, Nabtesco has focused on delivering advanced mechanical and electronic components that enhance safety, reliability and efficiency across a variety of industries.

At the core of Nabtesco’s offering are its precision reduction gears and servo actuators, which provide high-accuracy motion control for industrial automation, robotics and factory machinery.