Nidec Co. (OTCMKTS:NJDCY) Short Interest Update

Nidec Co. (OTCMKTS:NJDCY) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 23,700 shares, a drop of 92.7% from the September 15th total of 324,000 shares. Based on an average daily volume of 105,600 shares, the days-to-cover ratio is presently 0.2 days.

Nidec Trading Down 1.0 %

Shares of OTCMKTS:NJDCY traded down $0.05 on Friday, hitting $4.99. 152,853 shares of the company’s stock were exchanged, compared to its average volume of 230,089. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 1.12. The business’s 50 day simple moving average is $10.00 and its two-hundred day simple moving average is $10.78. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. Nidec has a 12 month low of $4.47 and a 12 month high of $6.63.

Nidec (OTCMKTS:NJDCY) last released its earnings results on Tuesday, July 23rd. The industrial goods maker reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.01 billion. Nidec had a return on equity of 6.95% and a net margin of 4.80%. Analysts anticipate that Nidec will post 0.22 EPS for the current fiscal year.

Nidec Company Profile

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.