Nabtesco Co. (OTCMKTS:NCTKY – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 8,013 shares, an increase of 441.1% from the August 15th total of 1,481 shares. Based on an average daily trading volume, of 3,153 shares, the days-to-cover ratio is presently 2.5 days.
Nabtesco Trading Up 6.4%
Shares of OTCMKTS NCTKY traded up $0.89 during trading on Friday, reaching $14.90. The stock had a trading volume of 7,594 shares, compared to its average volume of 5,141. Nabtesco has a fifty-two week low of $8.44 and a fifty-two week high of $19.46. The business’s 50-day moving average price is $15.26 and its 200-day moving average price is $15.52.
About Nabtesco
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.
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