Kubota Co. (OTCMKTS:KUBTY) Short Interest Up 208.9% in March

Kubota Co. (OTCMKTS:KUBTY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 17,300 shares, an increase of 208.9% from the February 28th total of 5,600 shares. Based on an average trading volume of 36,700 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Kubota Stock Down 3.1 %

OTCMKTS KUBTY traded down $2.02 during trading on Friday, reaching $62.46. The company’s stock had a trading volume of 23,210 shares, compared to its average volume of 42,998. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $14.42 billion, a PE ratio of 9.57, a PEG ratio of 5.29 and a beta of 0.96. Kubota has a 1-year low of $54.19 and a 1-year high of $85.00. The business has a 50-day moving average price of $62.96 and a 200-day moving average price of $63.78.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $4.85 billion during the quarter. Kubota had a net margin of 7.63% and a return on equity of 8.73%. On average, research analysts forecast that Kubota will post 5.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Kubota from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th.

About Kubota

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.