Short Interest in NSK Ltd. (OTCMKTS:NPSKY) Declines By 44.9%

NSK Ltd. (OTCMKTS:NPSKY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 287 shares, a drop of 44.9% from the May 14th total of 521 shares. Based on an average trading volume of 354 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are short sold.

NSK Price Performance

Shares of NSK stock traded up $1.07 during trading on Friday, reaching $15.45. The company’s stock had a trading volume of 176 shares, compared to its average volume of 303. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.32. NSK has a 12-month low of $8.98 and a 12-month high of $18.45. The company has a market capitalization of $3.78 billion, a P/E ratio of 25.33 and a beta of 0.58. The business has a 50 day moving average price of $15.22 and a 200-day moving average price of $14.43.

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

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.