Nidec Co. (OTCMKTS:NJDCY) Short Interest Update

Nidec Co. (OTCMKTS:NJDCY) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 85,900 shares, an increase of 69.1% from the March 31st total of 50,800 shares. Based on an average daily volume of 335,200 shares, the days-to-cover ratio is currently 0.3 days.

Nidec Stock Performance

Shares of Nidec stock opened at $11.38 on Friday. The firm has a market cap of $26.23 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 0.40 and a beta of 1.24. Nidec has a 1 year low of $8.94 and a 1 year high of $15.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.55. The firm’s 50-day simple moving average is $10.03 and its 200-day simple moving average is $9.87.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings results on Wednesday, January 24th. The industrial goods maker reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Nidec had a net margin of 5.47% and a return on equity of 8.03%. The company had revenue of $4.02 billion during the quarter. Equities analysts forecast that Nidec will post 0.59 earnings per share 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.