NSK Ltd. (OTCMKTS:NPSKY) Short Interest Down 80.9% in July

NSK Ltd. (OTCMKTS:NPSKY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 137 shares, a decrease of 80.9% from the July 15th total of 716 shares. Based on an average daily volume of 544 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

NSK Stock Performance

Shares of NPSKY traded down $0.43 during mid-day trading on Friday, hitting $14.50. The company’s stock had a trading volume of 337 shares, compared to its average volume of 4,833. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.54 and a current ratio of 2.30. NSK has a one year low of $9.88 and a one year high of $18.45. The stock’s 50-day moving average is $14.30 and its two-hundred day moving average is $15.01. The firm has a market capitalization of $3.55 billion, a PE ratio of 17.47 and a beta of 0.61.

NSK (OTCMKTS:NPSKY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.07. NSK had a net margin of 3.24% and a return on equity of 4.45%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion.

About NSK

NSK Ltd. is a Japan-based manufacturer specializing in the design, production and sale of bearings, automotive components and precision machinery. Established in 1916 and headquartered in Tokyo, the company has built a reputation for high-quality rolling bearings, linear motion products and mechatronic systems used in a wide range of industrial and automotive applications.

The company’s product portfolio encompasses deep groove ball bearings, cylindrical roller bearings, spherical roller bearings and thin-section bearings, along with automotive steering and driveline components.