Short Interest in NSK Ltd. (OTCMKTS:NPSKY) Expands By 199.4%

NSK Ltd. (OTCMKTS:NPSKY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 521 shares, an increase of 199.4% from the April 30th total of 174 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 539 shares, the days-to-cover ratio is currently 1.0 days.

NSK Stock Up 6.3%

Shares of NPSKY traded up $0.94 during trading hours on Friday, hitting $15.75. 420 shares of the company were exchanged, compared to its average volume of 207. NSK has a 52 week low of $8.98 and a 52 week high of $18.45. The company has a market cap of $3.85 billion, a PE ratio of 25.82 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.45 and a current ratio of 2.14. The firm’s 50 day moving average is $15.27 and its 200-day moving average is $14.25.

NSK (OTCMKTS:NPSKY) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.08. NSK had a net margin of 2.49% and a return on equity of 3.28%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 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.