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

Thk Co., Ltd. (OTCMKTS:THKLY) was the target of a large drop in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,219 shares, the days-to-cover ratio is presently 0.0 days.

THK Price Performance

Shares of THKLY stock remained flat at $21.13 during trading hours on Friday. 292 shares of the stock were exchanged, compared to its average volume of 578. 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 firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 70.43 and a beta of 1.16. THK has a twelve month low of $11.93 and a twelve month high of $25.70. The firm has a fifty day moving average of $22.95 and a two-hundred day moving average of $18.53.

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised THK from a “strong sell” rating to a “neutral” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, THK 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.