Nidec Corp. (OTCMKTS:NJDCY) Sees Significant Increase in Short Interest

Nidec Corp. (OTCMKTS:NJDCY) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 18,128 shares, an increase of 140.9% from the January 15th total of 7,525 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 134,685 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 134,685 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Nidec Trading Up 5.7%

OTCMKTS NJDCY traded up $0.22 on Thursday, hitting $4.10. The company’s stock had a trading volume of 18,651 shares, compared to its average volume of 43,513. The firm has a market cap of $39.12 billion, a P/E ratio of 15.77 and a beta of 0.99. Nidec has a 52-week low of $1.84 and a 52-week high of $5.70. The company’s 50-day simple moving average is $3.35 and its 200 day simple moving average is $3.89. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings results on Friday, November 14th. The industrial goods maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Nidec had a return on equity of 10.15% and a net margin of 6.82%.The business had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Research analysts predict that Nidec will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie Infrastructure downgraded shares of Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Nidec Company Profile

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.