Nabtesco (OTCMKTS:NCTKF) Short Interest Up 81.6% in July

Nabtesco (OTCMKTS:NCTKF) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 211,168 shares, an increase of 81.6% from the June 30th total of 116,262 shares. Based on an average daily trading volume, of 116 shares, the short-interest ratio is presently 1,820.4 days. Approximately 0.2% of the shares of the company are short sold.

Nabtesco Stock Performance

NCTKF traded up $0.33 on Friday, hitting $28.57. 285 shares of the company’s stock were exchanged, compared to its average volume of 164. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $32.68 and a two-hundred day moving average of $29.06. Nabtesco has a twelve month low of $22.77 and a twelve month high of $37.00. The firm has a market cap of $3.35 billion, a PE ratio of 31.40 and a beta of 0.27.

Nabtesco (OTCMKTS:NCTKF) last issued its earnings results on Friday, July 31st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $518.78 million during the quarter, compared to analyst estimates of $489.27 million.

About Nabtesco

Nabtesco Corporation, headquartered in Tokyo, Japan, is a global manufacturer of precision motion control systems and equipment. Established in November 2003 through the reorganization of Teijin Seiki and related businesses, the company focuses on delivering high-performance, reliable components that meet stringent industrial requirements.

Its product portfolio spans several core segments, including Motion Control—comprising precision reduction gears, actuators and speed reducers—Transport Systems, which supplies automatic train door mechanisms, brake systems and platform screen doors, and Aircraft & Hydraulic Equipment, covering landing-gear actuation systems, hydraulic pumps and control valves for aerospace and industrial markets.