Nabtesco Co. (OTCMKTS:NCTKY – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 8,013 shares, an increase of 441.1% from the August 15th total of 1,481 shares. Based on an average daily volume of 3,153 shares, the short-interest ratio is currently 2.5 days.
Nabtesco Stock Down 0.6%
NCTKY stock traded down $0.09 during trading on Friday, reaching $13.92. The stock had a trading volume of 161 shares, compared to its average volume of 5,095. The stock’s 50 day moving average is $15.29 and its two-hundred day moving average is $15.53. Nabtesco has a 52 week low of $8.44 and a 52 week high of $19.46.
Nabtesco Company Profile
Nabtesco Corporation, headquartered in Tokyo, Japan, is a leading global supplier of precision equipment and motion control systems. The company was established in 2003 through the integration of Teijin Seiki Co, Ltd. and Nabco Ltd., drawing on a long heritage of engineering expertise dating back to the mid-20th century. Since its founding, Nabtesco has focused on delivering advanced mechanical and electronic components that enhance safety, reliability and efficiency across a variety of industries.
At the core of Nabtesco’s offering are its precision reduction gears and servo actuators, which provide high-accuracy motion control for industrial automation, robotics and factory machinery.
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