Short Interest in Nabtesco Co. (OTCMKTS:NCTKY) Decreases By 85.0%

Nabtesco Co. (OTCMKTS:NCTKY) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 900 shares, a decrease of 85.0% from the February 28th total of 6,000 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 2.3 days.

Nabtesco Trading Up 22.6 %

Shares of NCTKY stock traded up $1.78 during mid-day trading on Friday, reaching $9.64. The stock had a trading volume of 315 shares, compared to its average volume of 1,316. Nabtesco has a 12-month low of $7.00 and a 12-month high of $13.98. The business has a 50-day simple moving average of $9.30 and a 200 day simple moving average of $8.82.

Nabtesco Company Profile

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.