Nabtesco Co. (OTCMKTS:NCTKY – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,481 shares, a decrease of 66.8% from the July 30th total of 4,466 shares. Based on an average daily volume of 9,174 shares, the days-to-cover ratio is presently 0.2 days.
Nabtesco Price Performance
Shares of OTCMKTS NCTKY traded down $0.24 during mid-day trading on Friday, reaching $14.70. The company’s stock had a trading volume of 906 shares, compared to its average volume of 5,057. Nabtesco has a 1-year low of $8.44 and a 1-year high of $19.46. The stock has a 50-day moving average of $15.68 and a two-hundred day moving average of $15.60.
About Nabtesco
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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