Nabtesco Co. (OTCMKTS:NCTKY – Get Free Report) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,481 shares, a decline of 66.8% from the July 30th total of 4,466 shares. Based on an average daily volume of 9,174 shares, the short-interest ratio is presently 0.2 days.
Nabtesco Trading Up 4.3%
OTCMKTS NCTKY opened at $14.94 on Friday. Nabtesco has a 12 month low of $8.44 and a 12 month high of $19.46. The company’s 50 day simple moving average is $15.72 and its 200 day simple moving average is $15.61.
Nabtesco Company Profile
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.
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