Short Interest in Thk Co., Ltd. (OTCMKTS:THKLY) Decreases By 62.8%

Thk Co., Ltd. (OTCMKTS:THKLY) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 582 shares, a decrease of 62.8% from the May 31st total of 1,563 shares. Based on an average daily volume of 2,198 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

THK Stock Down 0.1%

THK stock traded down $0.01 during midday trading on Tuesday, reaching $22.80. The company’s stock had a trading volume of 232 shares, compared to its average volume of 5,335. The business has a 50-day simple moving average of $21.96 and a 200-day simple moving average of $17.32. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.43 billion, a P/E ratio of 76.00 and a beta of 1.14. THK has a fifty-two week low of $11.93 and a fifty-two week high of $25.70.

THK (OTCMKTS:THKLY) last released its quarterly earnings results on Monday, May 11th. The company reported $0.14 EPS for the quarter. The company had revenue of $440.05 million for the quarter. THK had a return on equity of 1.93% and a net margin of 1.85%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of THK from a “strong sell” rating to a “neutral” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About THK

THK Co, Ltd. is a global manufacturer specializing in mechanical components that enable precise linear and rotational motion. Founded in 1971 and headquartered in Tokyo, Japan, the company pioneered the development of rolling-element linear motion guides, introducing its first “LM Guide” in 1972. Over the decades, THK has expanded its product portfolio to include linear actuators, ball screws, spherical joints, and mechatronic systems designed for automation and high-precision applications.

THK’s core offerings serve a broad range of industries, including machine tools, semiconductor manufacturing, medical devices, robotics, and aerospace.