Nidec Corp. (OTCMKTS:NJDCY) Sees Large Decrease in Short Interest

Nidec Corp. (OTCMKTS:NJDCY) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,077 shares, a decline of 57.7% from the September 30th total of 16,736 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 17,832 shares, the short-interest ratio is currently 0.4 days.

Nidec Stock Down 7.3%

NJDCY opened at $2.55 on Friday. The stock’s fifty day moving average is $3.64 and its two-hundred day moving average is $3.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.36. Nidec has a 52 week low of $0.34 and a 52 week high of $5.00.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Wednesday, September 30th. The industrial goods maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Nidec had a negative return on equity of 33.77% and a negative net margin of 17.80%.

Nidec Company Profile

Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops precision motors used in hard disk drives, optical disk drives, smartphones, cameras, and other electronic equipment, as well as motors and systems for automobiles, household appliances, commercial equipment, industrial machinery, and robotics.

Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a specialist producer of small precision motors into a diversified global motor and motion-control company.