Nabtesco Co. (OTCMKTS:NCTKY) Sees Large Growth in Short Interest

Nabtesco Co. (OTCMKTS:NCTKY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 417 shares, a growth of 561.9% from the May 14th total of 63 shares. Based on an average daily volume of 1,479 shares, the short-interest ratio is presently 0.3 days.

Nabtesco Trading Up 11.1%

Shares of Nabtesco stock traded up $1.61 during trading on Friday, hitting $16.11. 196 shares of the company were exchanged, compared to its average volume of 6,032. Nabtesco has a fifty-two week low of $7.25 and a fifty-two week high of $19.46. The firm has a 50 day moving average price of $16.19 and a 200 day moving average price of $14.56.

About Nabtesco

Nabtesco Corporation, headquartered in Tokyo, Japan, is a leading global supplier of precision equipment and motion control systems. The company was established in 2003 through the integration of Teijin Seiki Co, Ltd. and Nabco Ltd., drawing on a long heritage of engineering expertise dating back to the mid-20th century. Since its founding, Nabtesco has focused on delivering advanced mechanical and electronic components that enhance safety, reliability and efficiency across a variety of industries.

At the core of Nabtesco’s offering are its precision reduction gears and servo actuators, which provide high-accuracy motion control for industrial automation, robotics and factory machinery.