NSK Ltd. (OTCMKTS:NPSKY) Short Interest Down 80.9% in July

NSK Ltd. (OTCMKTS:NPSKY) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 137 shares, a decline of 80.9% from the July 15th total of 716 shares. Based on an average daily trading volume, of 544 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

NSK Stock Performance

Shares of NSK stock remained flat at $14.93 during trading hours on Thursday. 17 shares of the company’s stock were exchanged, compared to its average volume of 202. The company’s fifty day simple moving average is $14.31 and its 200 day simple moving average is $15.01. The company has a quick ratio of 1.54, a current ratio of 2.30 and a debt-to-equity ratio of 0.32. NSK has a 1-year low of $9.88 and a 1-year high of $18.45. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 17.98 and a beta of 0.61.

NSK (OTCMKTS:NPSKY) last posted its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. NSK had a return on equity of 4.45% and a net margin of 3.24%.The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion.

NSK Company Profile

NSK Ltd. is a Japan-based manufacturer specializing in the design, production and sale of bearings, automotive components and precision machinery. Established in 1916 and headquartered in Tokyo, the company has built a reputation for high-quality rolling bearings, linear motion products and mechatronic systems used in a wide range of industrial and automotive applications.

The company’s product portfolio encompasses deep groove ball bearings, cylindrical roller bearings, spherical roller bearings and thin-section bearings, along with automotive steering and driveline components.