Nidec Co. (OTCMKTS:NJDCY) Short Interest Down 24.7% in August

Nidec Co. (OTCMKTS:NJDCY) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 18,900 shares, a decline of 24.7% from the August 15th total of 25,100 shares. Based on an average daily volume of 92,500 shares, the short-interest ratio is presently 0.2 days.

Nidec Stock Performance

Shares of OTCMKTS:NJDCY traded down $0.08 during mid-day trading on Friday, reaching $10.00. 70,927 shares of the company traded hands, compared to its average volume of 122,491. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.04. Nidec has a 52 week low of $8.94 and a 52 week high of $13.25. The firm has a market cap of $23.05 billion, a PE ratio of 25.64, a PEG ratio of 0.52 and a beta of 1.11. The company’s 50 day moving average price is $10.48 and its 200-day moving average price is $10.78.

Nidec (OTCMKTS:NJDCY) last released its earnings results on Tuesday, July 23rd. The industrial goods maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Nidec had a net margin of 4.80% and a return on equity of 7.01%. On average, equities analysts expect that Nidec will post 0.58 EPS for the current fiscal year.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.