Nabtesco Co. (OTCMKTS:NCTKY – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,832 shares, a drop of 39.7% from the August 31st total of 8,013 shares. Based on an average daily volume of 12,618 shares, the short-interest ratio is currently 0.4 days.
Nabtesco Stock Performance
OTCMKTS:NCTKY opened at $15.45 on Wednesday. Nabtesco has a 12 month low of $8.44 and a 12 month high of $19.46. The firm has a fifty day simple moving average of $14.99 and a two-hundred day simple moving average of $15.56.
About Nabtesco
Nabtesco Corporation is a Japanese motion-control and equipment manufacturer serving industrial, transportation, and building-related markets. The company develops products designed to control movement, speed, and positioning in applications that require precision, reliability, and durability.
Its products include precision reduction gears and other components for industrial robots, factory automation equipment, and machinery. Nabtesco also supplies equipment for railway vehicles, commercial vehicles, aircraft, and marine applications, as well as hydraulic systems, automatic doors, and related building-control products.
Headquartered in Tokyo, Nabtesco serves customers in Japan and international markets through manufacturing, sales, and service operations.
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