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

Thk Co., Ltd. (OTCMKTS:THKLY) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 206 shares, a decline of 51.3% from the August 31st total of 423 shares. Based on an average daily trading volume, of 11,402 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

THK Price Performance

Shares of THK stock remained flat at $20.61 during trading hours on Tuesday. The stock had a trading volume of 456 shares, compared to its average volume of 3,862. THK has a 12 month low of $11.93 and a 12 month high of $25.70. The stock has a market cap of $4.91 billion, a P/E ratio of 68.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.24. The stock has a fifty day moving average of $20.93 and a 200 day moving average of $20.47.

About THK

THK Co, Ltd. is a Japan-based manufacturer of motion-control and mechanical components used in industrial equipment and automated systems. The company is best known for its linear motion products, which help machinery move precisely and efficiently along a guided path.

Its product portfolio includes linear motion guides, ball screws, actuators, ball splines, cross-roller bearings, link balls and other mechanical components. These products serve applications in machine tools, factory automation, robotics, semiconductor and electronics manufacturing equipment, transportation equipment, medical systems and other industrial markets.

Founded in Japan in 1971, THK developed what it describes as the world’s first linear motion guide in 1972.