Thk Co., Ltd. (OTCMKTS:THKLY) Short Interest Update

Thk Co., Ltd. (OTCMKTS:THKLY) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 582 shares, a drop of 62.8% from the May 31st total of 1,563 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,198 shares, the short-interest ratio is presently 0.3 days.

THK Stock Down 2.7%

Shares of OTCMKTS:THKLY opened at $23.20 on Friday. The company has a 50 day moving average price of $21.85 and a two-hundred day moving average price of $17.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.24. The company has a market capitalization of $5.53 billion, a PE ratio of 77.35 and a beta of 1.14. THK has a 52 week low of $11.93 and a 52 week high of $25.70.

THK (OTCMKTS:THKLY) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.14 earnings per share for the quarter. THK had a net margin of 1.85% and a return on equity of 1.93%. The company had revenue of $440.05 million for the quarter.

Analysts Set New Price Targets

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