Nabtesco (OTCMKTS:NCTKF) Short Interest Up 154.9% in April

Nabtesco (OTCMKTS:NCTKF) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 250,744 shares, a growth of 154.9% from the April 15th total of 98,352 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Nabtesco Price Performance

Nabtesco stock remained flat at $37.00 during trading hours on Friday. The company’s stock had a trading volume of 203 shares. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. The company has a market cap of $4.34 billion, a PE ratio of 40.66 and a beta of 0.10. Nabtesco has a 12 month low of $22.77 and a 12 month high of $37.00. The firm has a fifty day simple moving average of $25.98 and a two-hundred day simple moving average of $25.66.

Nabtesco (OTCMKTS:NCTKF) last posted its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $524.07 million during the quarter, compared to analyst estimates of $489.36 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.