Short Interest in Nidec Corp. (OTCMKTS:NJDCY) Grows By 275.9%

Nidec Corp. (OTCMKTS:NJDCY) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 30,012 shares, a growth of 275.9% from the February 26th total of 7,983 shares. Based on an average daily trading volume, of 173,878 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Nidec Price Performance

NJDCY opened at $3.42 on Thursday. The company has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.61. Nidec has a 52 week low of $1.84 and a 52 week high of $5.70. The firm has a market capitalization of $32.63 billion, a PE ratio of 13.15 and a beta of 0.96.

Nidec Company Profile

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.