Nidec Co. (OTCMKTS:NJDCY) Sees Significant Drop in Short Interest

Nidec Co. (OTCMKTS:NJDCY) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 37,700 shares, a drop of 49.0% from the October 31st total of 73,900 shares. Based on an average daily trading volume, of 413,200 shares, the short-interest ratio is presently 0.1 days.

Nidec Trading Up 0.7 %

Shares of NJDCY stock traded up $0.03 during trading on Thursday, hitting $4.57. 203,642 shares of the stock traded hands, compared to its average volume of 230,813. The firm has a market capitalization of $43.60 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 0.47 and a beta of 1.11. Nidec has a 52-week low of $4.35 and a 52-week high of $6.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.67 and a quick ratio of 1.06. The firm’s fifty day moving average price is $6.27 and its 200-day moving average price is $9.32.

Nidec (OTCMKTS:NJDCY) last posted its earnings results on Wednesday, October 23rd. The industrial goods maker reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.13 billion. Nidec had a return on equity of 5.58% and a net margin of 3.77%. As a group, research analysts forecast that Nidec will post 0.29 earnings per share for the current fiscal 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.