Short Interest in Nabtesco Co. (OTCMKTS:NCTKY) Drops By 85.0%

Nabtesco Co. (OTCMKTS:NCTKY) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, a decline of 85.0% from the February 28th total of 6,000 shares. Based on an average trading volume of 400 shares, the short-interest ratio is currently 2.3 days.

Nabtesco Trading Up 22.6 %

Shares of Nabtesco stock traded up $1.78 during trading hours on Friday, reaching $9.64. 315 shares of the company’s stock were exchanged, compared to its average volume of 1,316. Nabtesco has a 52-week low of $7.00 and a 52-week high of $13.98. The company has a fifty day moving average of $9.30 and a 200-day moving average of $8.82.

About Nabtesco

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.