Nabtesco Co. (OTCMKTS:NCTKY) Sees Large Growth in Short Interest

Nabtesco Co. (OTCMKTS:NCTKY) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,000 shares, an increase of 2,900.0% from the February 13th total of 200 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 2.4 days.

Nabtesco Trading Down 4.2 %

Nabtesco stock traded down $0.42 during midday trading on Wednesday, reaching $9.60. The stock had a trading volume of 548 shares, compared to its average volume of 1,460. The firm’s fifty day simple moving average is $9.32 and its two-hundred day simple moving average is $8.75. Nabtesco has a twelve month low of $7.00 and a twelve month high of $13.98.

Nabtesco Company Profile

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots' joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.