Short Interest in Thk Co., Ltd. (OTCMKTS:THKLY) Declines By 91.0%

Thk Co., Ltd. (OTCMKTS:THKLY) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 9 shares, a drop of 91.0% from the June 30th total of 100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,219 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

THK Price Performance

Shares of OTCMKTS THKLY opened at $21.13 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.24 and a quick ratio of 1.72. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 70.43 and a beta of 1.16. The firm’s 50 day simple moving average is $22.95 and its 200-day simple moving average is $18.53. THK has a 12 month low of $11.93 and a 12 month high of $25.70.

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

THK Company Profile

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.