Nidec Corp. (OTCMKTS:NJDCY) Sees Large Growth in Short Interest

Nidec Corp. (OTCMKTS:NJDCY) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 30,012 shares, an increase of 275.9% from the February 26th total of 7,983 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 173,878 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 173,878 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Nidec Price Performance

Shares of OTCMKTS:NJDCY opened at $3.38 on Wednesday. Nidec has a twelve month low of $1.84 and a twelve month high of $5.70. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The company has a market cap of $32.25 billion, a PE ratio of 13.00 and a beta of 0.96. The company’s 50 day moving average is $3.58 and its 200 day moving average is $3.59.

About Nidec

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.