Nidec Co. (OTCMKTS:NJDCY) Sees Large Decline in Short Interest

Nidec Co. (OTCMKTS:NJDCY) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 18,900 shares, a drop of 24.7% from the August 15th total of 25,100 shares. Based on an average daily trading volume, of 92,500 shares, the short-interest ratio is presently 0.2 days.

Nidec Stock Down 0.8 %

OTCMKTS NJDCY opened at $10.00 on Monday. Nidec has a 52 week low of $8.94 and a 52 week high of $13.25. The stock has a market capitalization of $23.05 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 0.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.62. The stock has a fifty day moving average of $10.48 and a 200-day moving average of $10.78.

Nidec (OTCMKTS:NJDCY) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial goods maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Nidec had a return on equity of 7.01% and a net margin of 4.80%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.01 billion. On average, equities research analysts forecast that Nidec will post 0.58 EPS for the current year.

About Nidec

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.