Short Interest in Nabtesco Co. (OTCMKTS:NCTKF) Declines By 20.0%

Nabtesco Co. (OTCMKTS:NCTKF) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 171,000 shares, a drop of 20.0% from the January 31st total of 213,700 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Nabtesco Stock Performance

Shares of OTCMKTS NCTKF remained flat at $17.10 during trading on Tuesday. The firm’s fifty day moving average price is $17.25 and its 200 day moving average price is $16.40. The company has a market cap of $2.10 billion, a PE ratio of 26.72 and a beta of 0.56. Nabtesco has a 52-week low of $13.48 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.43 and a current ratio of 1.98.

Nabtesco (OTCMKTS:NCTKF) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.24 earnings per share for the quarter. Nabtesco had a return on equity of 4.18% and a net margin of 2.89%. As a group, equities analysts expect that Nabtesco will post 0.7 earnings per share for the current year.

About Nabtesco

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots’ joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.