NSK Ltd. (OTCMKTS:NPSKY) Short Interest Update

NSK Ltd. (OTCMKTS:NPSKY) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 822 shares, an increase of 410.6% from the August 15th total of 161 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 612 shares, the short-interest ratio is currently 1.3 days.

NSK Price Performance

Shares of NSK stock remained flat at $14.11 during trading hours on Friday. The stock had a trading volume of 195 shares, compared to its average volume of 447. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 17.00 and a beta of 0.65. NSK has a 52-week low of $9.88 and a 52-week high of $18.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.40 and a current ratio of 2.06. The business has a 50 day moving average price of $14.33 and a two-hundred day moving average price of $14.86.

NSK (OTCMKTS:NPSKY) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. NSK had a return on equity of 4.48% and a net margin of 3.24%.The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion.

About NSK

NSK Ltd. is a Japan-based manufacturer of bearings and precision machinery products. The company supplies ball and roller bearings used in automobiles, industrial equipment, machine tools, wind turbines and other applications. Its products are designed to reduce friction, support rotating components and improve the efficiency and reliability of mechanical systems.

NSK also develops automotive components, including steering systems, drivetrain-related products and bearings for vehicle applications.