Nidec Corp. (OTCMKTS:NJDCY) Short Interest Update

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Macquarie downgraded shares of Nidec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Zacks Research upgraded shares of Nidec from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Nidec currently has an average rating of “Hold”.

Nidec Trading Up 0.3%

Nidec stock traded up $0.01 during mid-day trading on Friday, hitting $3.26. The company’s stock had a trading volume of 293,386 shares, compared to its average volume of 128,082. The business has a 50 day moving average price of $3.26 and a 200-day moving average price of $4.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.06. Nidec has a 12 month low of $1.84 and a 12 month high of $5.70. The stock has a market cap of $31.10 billion, a price-to-earnings ratio of 12.54 and a beta of 0.98.

Nidec (OTCMKTS:NJDCY) last released its quarterly earnings data on Friday, November 14th. The industrial goods maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Nidec had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.29 billion. As a group, analysts forecast that Nidec will post 0.25 EPS for the current year.

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.