Thk Co., Ltd. (OTCMKTS:THKLY) Sees Large Decrease in Short Interest

Thk Co., Ltd. (OTCMKTS:THKLY) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 9 shares, a decrease of 91.0% from the June 30th total of 100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,219 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised THK from a “strong sell” rating to a “neutral” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, THK has an average rating of “Reduce”.

THK Price Performance

THKLY opened at $21.13 on Friday. THK has a fifty-two week low of $11.93 and a fifty-two week high of $25.70. The firm has a 50-day moving average of $22.95 and a 200 day moving average of $18.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.24. The firm has a market cap of $5.03 billion, a P/E ratio of 70.43 and a beta of 1.16.

THK (OTCMKTS:THKLY) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.14 EPS for the quarter. The company had revenue of $440.05 million during the quarter.

About THK

THK Co, Ltd. is a global manufacturer specializing in mechanical components that enable precise linear and rotational motion. Founded in 1971 and headquartered in Tokyo, Japan, the company pioneered the development of rolling-element linear motion guides, introducing its first “LM Guide” in 1972. Over the decades, THK has expanded its product portfolio to include linear actuators, ball screws, spherical joints, and mechatronic systems designed for automation and high-precision applications.

THK’s core offerings serve a broad range of industries, including machine tools, semiconductor manufacturing, medical devices, robotics, and aerospace.