Short Interest in Thk Co., Ltd. (OTCMKTS:THKLY) Drops By 82.8%

Thk Co., Ltd. (OTCMKTS:THKLY) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 100 shares, a drop of 82.8% from the June 15th total of 582 shares. Based on an average daily volume of 1,225 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

THK Stock Up 0.9%

Shares of THKLY stock traded up $0.21 on Friday, hitting $23.04. The company’s stock had a trading volume of 279 shares, compared to its average volume of 496. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 76.80 and a beta of 1.16. THK has a fifty-two week low of $11.93 and a fifty-two week high of $25.70. The firm’s fifty day moving average price is $22.86 and its 200-day moving average price is $17.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.24 and a quick ratio of 1.72.

THK (OTCMKTS:THKLY) last posted its earnings results on Monday, May 11th. The company reported $0.14 EPS for the quarter. The business had revenue of $440.05 million for the quarter.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised THK from a “strong sell” rating to a “neutral” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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.