Thk Co., Ltd. (OTCMKTS:THKLY) Short Interest Up 7,544.4% in July

Thk Co., Ltd. (OTCMKTS:THKLY) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 688 shares, an increase of 7,544.4% from the July 15th total of 9 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,169 shares, the days-to-cover ratio is currently 0.6 days.

THK Price Performance

THKLY stock opened at $22.35 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 0.32. THK has a 52-week low of $11.93 and a 52-week high of $25.70. The stock’s 50 day moving average is $22.53 and its two-hundred day moving average is $19.26. The company has a market capitalization of $5.32 billion, a PE ratio of 74.51 and a beta of 1.18.

THK (OTCMKTS:THKLY) last announced its earnings results on Monday, May 11th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $440.05 million during the quarter.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of THK from a “strong sell” rating to a “neutral” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

THK Company Profile

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.