Short Interest in NSK Ltd. (OTCMKTS:NPSKY) Increases By 410.6%

NSK Ltd. (OTCMKTS:NPSKY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 822 shares, a growth of 410.6% from the August 15th total of 161 shares. Based on an average daily volume of 612 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the shares of the company are sold short.

NSK Price Performance

OTCMKTS:NPSKY remained flat at $14.11 during mid-day trading on Friday. The company had a trading volume of 561 shares, compared to its average volume of 420. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.00 and a beta of 0.65. NSK has a 12-month low of $9.88 and a 12-month high of $18.45. The company has a 50-day moving average of $14.33 and a 200 day moving average of $14.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.06 and a quick ratio of 1.40.

NSK (OTCMKTS:NPSKY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. NSK had a return on equity of 4.48% and a net margin of 3.24%.

About NSK

NSK Ltd. is a Japan-based manufacturer specializing in the design, production and sale of bearings, automotive components and precision machinery. Established in 1916 and headquartered in Tokyo, the company has built a reputation for high-quality rolling bearings, linear motion products and mechatronic systems used in a wide range of industrial and automotive applications.

The company’s product portfolio encompasses deep groove ball bearings, cylindrical roller bearings, spherical roller bearings and thin-section bearings, along with automotive steering and driveline components.