Nabtesco Co. (OTCMKTS:NCTKY) Sees Significant Increase in Short Interest

Nabtesco Co. (OTCMKTS:NCTKY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 600 shares, an increase of 200.0% from the August 31st total of 200 shares. Based on an average trading volume of 300 shares, the short-interest ratio is presently 2.0 days. Based on an average trading volume of 300 shares, the short-interest ratio is presently 2.0 days.

Nabtesco Price Performance

Shares of NCTKY stock opened at $10.60 on Friday. The stock has a 50 day simple moving average of $11.25 and a 200-day simple moving average of $9.58. Nabtesco has a 12-month low of $5.56 and a 12-month high of $13.92.

About Nabtesco

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots' joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.