Nidec Co. (OTCMKTS:NJDCY) Short Interest Up 69.1% in April

Nidec Co. (OTCMKTS:NJDCY) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 85,900 shares, a growth of 69.1% from the March 31st total of 50,800 shares. Based on an average daily trading volume, of 335,200 shares, the short-interest ratio is presently 0.3 days.

Nidec Price Performance

NJDCY stock traded up $0.30 during trading on Monday, reaching $11.38. The company’s stock had a trading volume of 81,100 shares, compared to its average volume of 177,889. Nidec has a 1 year low of $8.94 and a 1 year high of $15.78. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $26.23 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 0.41 and a beta of 1.24. The company’s fifty day moving average is $10.03 and its 200-day moving average is $9.84.

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.