Short Interest in Nabtesco Co. (OTCMKTS:NCTKY) Declines By 99.4%

Nabtesco Co. (OTCMKTS:NCTKY) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 63 shares, a drop of 99.4% from the April 30th total of 9,985 shares. Based on an average daily volume of 7,220 shares, the days-to-cover ratio is currently 0.0 days.

Nabtesco Stock Performance

OTCMKTS NCTKY traded up $0.11 during trading on Friday, hitting $18.50. 609 shares of the stock traded hands, compared to its average volume of 6,428. The firm has a 50-day simple moving average of $15.49 and a 200-day simple moving average of $14.11. Nabtesco has a 12-month low of $7.16 and a 12-month high of $19.46.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Nabtesco to a “buy” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Nabtesco has a consensus rating of “Buy”.

Nabtesco Company Profile

Nabtesco Corporation, headquartered in Tokyo, Japan, is a leading global supplier of precision equipment and motion control systems. The company was established in 2003 through the integration of Teijin Seiki Co, Ltd. and Nabco Ltd., drawing on a long heritage of engineering expertise dating back to the mid-20th century. Since its founding, Nabtesco has focused on delivering advanced mechanical and electronic components that enhance safety, reliability and efficiency across a variety of industries.

At the core of Nabtesco’s offering are its precision reduction gears and servo actuators, which provide high-accuracy motion control for industrial automation, robotics and factory machinery.