Nidec Co. (OTCMKTS:NJDCY) Short Interest Update

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

Nidec Stock Down 0.8 %

Nidec stock traded down $0.08 during mid-day trading on Friday, reaching $10.00. The stock had a trading volume of 70,927 shares, compared to its average volume of 122,491. Nidec has a one year low of $8.94 and a one year high of $13.25. The company has a 50-day moving average price of $10.48 and a two-hundred day moving average price of $10.78. The company has a market capitalization of $23.05 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 0.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.04.

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

Nidec Company Profile

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.