Nabtesco (OTCMKTS:NCTKF) Sees Large Growth in Short Interest

Nabtesco (OTCMKTS:NCTKF) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 250,744 shares, an increase of 154.9% from the April 15th total of 98,352 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Currently, 0.2% of the shares of the stock are sold short.

Nabtesco Stock Performance

Shares of OTCMKTS:NCTKF remained flat at $37.00 during trading hours on Friday. Nabtesco has a 1 year low of $22.77 and a 1 year high of $37.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.51 and a current ratio of 1.90. The firm’s 50-day moving average is $26.16 and its two-hundred day moving average is $25.74. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 40.66 and a beta of 0.10.

Nabtesco (OTCMKTS:NCTKF) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $524.07 million for the quarter, compared to analysts’ expectations of $489.36 million.

Nabtesco Company Profile

Nabtesco Corporation, headquartered in Tokyo, Japan, is a global manufacturer of precision motion control systems and equipment. Established in November 2003 through the reorganization of Teijin Seiki and related businesses, the company focuses on delivering high-performance, reliable components that meet stringent industrial requirements.

Its product portfolio spans several core segments, including Motion Control—comprising precision reduction gears, actuators and speed reducers—Transport Systems, which supplies automatic train door mechanisms, brake systems and platform screen doors, and Aircraft & Hydraulic Equipment, covering landing-gear actuation systems, hydraulic pumps and control valves for aerospace and industrial markets.