Nidec Co. (OTCMKTS:NJDCY) Short Interest Update

Nidec Co. (OTCMKTS:NJDCY) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 107,500 shares, a decline of 76.6% from the January 31st total of 459,900 shares. Based on an average daily trading volume, of 387,800 shares, the days-to-cover ratio is presently 0.3 days.

Nidec Trading Down 2.0 %

Shares of NJDCY traded down $0.09 during trading hours on Friday, reaching $4.46. 118,182 shares of the company traded hands, compared to its average volume of 257,966. The firm has a market cap of $42.55 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 0.62 and a beta of 1.08. Nidec has a 12-month low of $4.00 and a 12-month high of $6.63. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $4.45 and its 200 day moving average price is $6.21.

Nidec (OTCMKTS:NJDCY) last issued its earnings results on Thursday, January 23rd. The industrial goods maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Nidec had a net margin of 4.41% and a return on equity of 6.45%. Sell-side analysts forecast that Nidec will post 0.25 earnings per share for the current 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.