Nidec Corp. (OTCMKTS:NJDCY) Stock Short Interest Report for October

Nidec Corp. (OTCMKTS:NJDCY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,077 shares, a decline of 57.7% from the September 30th total of 16,736 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 17,832 shares, the days-to-cover ratio is currently 0.4 days.

Nidec Price Performance

Shares of NJDCY stock traded down $0.25 during mid-day trading on Friday, reaching $2.30. The company’s stock had a trading volume of 119,901 shares, compared to its average volume of 19,650. The firm’s 50-day moving average is $3.60 and its two-hundred day moving average is $3.76. The company has a market cap of $21.94 billion, a P/E ratio of -3.29 and a beta of 1.33. Nidec has a 1-year low of $0.34 and a 1-year high of $5.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36.

Nidec (OTCMKTS:NJDCY) last posted its earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.15 billion.

Nidec Company Profile

Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops precision motors used in hard disk drives, optical disk drives, smartphones, cameras, and other electronic equipment, as well as motors and systems for automobiles, household appliances, commercial equipment, industrial machinery, and robotics.

Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a specialist producer of small precision motors into a diversified global motor and motion-control company.