Nidec Corp. (OTCMKTS:NJDCY) Stock Short Interest Report for October

Nidec Corp. (OTCMKTS:NJDCY) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,077 shares, a drop of 57.7% from the September 30th total of 16,736 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 17,832 shares, the short-interest ratio is currently 0.4 days.

Nidec Price Performance

Shares of OTCMKTS NJDCY opened at $2.30 on Friday. Nidec has a 1-year low of $0.34 and a 1-year high of $5.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.36 and a quick ratio of 1.02. The business’s fifty day moving average price is $3.60 and its two-hundred day moving average price is $3.76. The firm has a market capitalization of $21.94 billion, a PE ratio of -3.29 and a beta of 1.33.

Nidec (OTCMKTS:NJDCY) last announced its quarterly earnings results on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.15 billion.

About Nidec

Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops precision motors used in hard disk drives, optical disk drives, smartphones, cameras, and other electronic equipment, as well as motors and systems for automobiles, household appliances, commercial equipment, industrial machinery, and robotics.

Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a specialist producer of small precision motors into a diversified global motor and motion-control company.