Nidec Corp. (OTCMKTS:NJDCY) Sees Large Decrease in Short Interest

Nidec Corp. (OTCMKTS:NJDCY) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 8,188 shares, a decline of 78.9% from the November 30th total of 38,833 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 339,630 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 339,630 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Nidec Stock Performance

Shares of OTCMKTS NJDCY remained flat at $3.25 during mid-day trading on Thursday. 21,711 shares of the company traded hands, compared to its average volume of 130,037. The business’s 50-day moving average price is $3.29 and its 200 day moving average price is $4.23. Nidec has a 12 month low of $1.84 and a 12 month high of $5.70. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 12.50 and a beta of 0.98.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings results on Friday, November 14th. The industrial goods maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Nidec had a net margin of 6.82% and a return on equity of 10.15%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Equities research analysts predict that Nidec will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NJDCY. Macquarie lowered shares of Nidec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Zacks Research raised shares of Nidec from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Nidec

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.