NSK Ltd. (OTCMKTS:NPSKY) Sees Large Growth in Short Interest

NSK Ltd. (OTCMKTS:NPSKY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,625 shares, a growth of 232.3% from the September 30th total of 489 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,126 shares, the days-to-cover ratio is presently 1.4 days.

NSK Stock Performance

Shares of NSK stock opened at $14.11 on Friday. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.00 and a beta of 0.67. NSK has a twelve month low of $10.00 and a twelve month high of $18.45. The firm’s 50-day moving average price is $13.99 and its 200 day moving average price is $14.61. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30.

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

NSK Company Profile

NSK Ltd. is a Japan-based manufacturer of bearings and precision machinery products. Founded in 1916, the company supplies components used in automotive, industrial machinery, machine tools, semiconductor manufacturing equipment and other applications.

NSK’s product portfolio includes ball bearings, roller bearings, hub units, automotive steering systems, electric power steering components, ball screws, linear guides and other precision motion-control products. Its technologies are designed to support reduced friction, accurate movement, durability and energy efficiency across a range of industrial and transportation applications.

Headquartered in Tokyo, NSK serves customers worldwide through a network of manufacturing, research and development, sales and service operations across Japan, the Americas, Europe and Asia.