Nabtesco (OTCMKTS:NCTKF) Short Interest Up 154.9% in April

Nabtesco (OTCMKTS:NCTKF) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 250,744 shares, an increase of 154.9% from the April 15th total of 98,352 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Nabtesco Price Performance

Shares of NCTKF stock remained flat at $37.00 during mid-day trading on Friday. 203 shares of the stock were exchanged. Nabtesco has a fifty-two week low of $22.77 and a fifty-two week high of $37.00. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 40.66 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 1.51. The firm’s 50-day moving average is $25.98 and its 200 day moving average is $25.66.

Nabtesco (OTCMKTS:NCTKF) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $524.07 million during the quarter, compared to analysts’ expectations of $489.36 million.

Nabtesco Company Profile

Nabtesco Corporation, headquartered in Tokyo, Japan, is a global manufacturer of precision motion control systems and equipment. Established in November 2003 through the reorganization of Teijin Seiki and related businesses, the company focuses on delivering high-performance, reliable components that meet stringent industrial requirements.

Its product portfolio spans several core segments, including Motion Control—comprising precision reduction gears, actuators and speed reducers—Transport Systems, which supplies automatic train door mechanisms, brake systems and platform screen doors, and Aircraft & Hydraulic Equipment, covering landing-gear actuation systems, hydraulic pumps and control valves for aerospace and industrial markets.