Thk Co., Ltd. (OTCMKTS:THKLY) Short Interest Down 96.6% in May

Thk Co., Ltd. (OTCMKTS:THKLY) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,021 shares, a decline of 96.6% from the April 30th total of 29,929 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,513 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded THK to a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

THK Stock Down 3.9%

Shares of THKLY opened at $22.42 on Thursday. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 74.73 and a beta of 1.05. THK has a 1 year low of $11.93 and a 1 year high of $24.23. The business’s 50 day simple moving average is $18.33 and its 200-day simple moving average is $15.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.83 and a quick ratio of 2.18.

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

About THK

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.