Short Interest in Thk Co., Ltd. (OTCMKTS:THKLY) Grows By 7,544.4%

Thk Co., Ltd. (OTCMKTS:THKLY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 688 shares, a growth of 7,544.4% from the July 15th total of 9 shares. Based on an average daily trading volume, of 1,169 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

THK Price Performance

Shares of OTCMKTS THKLY remained flat at $22.35 during mid-day trading on Tuesday. The company had a trading volume of 502 shares, compared to its average volume of 524. The business’s fifty day moving average is $22.55 and its 200 day moving average is $19.19. THK has a 52-week low of $11.93 and a 52-week high of $25.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.24. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 74.51 and a beta of 1.18.

THK (OTCMKTS:THKLY) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $440.05 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of THK from a “strong sell” rating to a “neutral” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

THK Company Profile

THK Co, Ltd. is a global manufacturer specializing in mechanical components that enable precise linear and rotational motion. Founded in 1971 and headquartered in Tokyo, Japan, the company pioneered the development of rolling-element linear motion guides, introducing its first “LM Guide” in 1972. Over the decades, THK has expanded its product portfolio to include linear actuators, ball screws, spherical joints, and mechatronic systems designed for automation and high-precision applications.

THK’s core offerings serve a broad range of industries, including machine tools, semiconductor manufacturing, medical devices, robotics, and aerospace.