Nabtesco Co. (OTCMKTS:NCTKY) Short Interest Down 99.4% in May

Nabtesco Co. (OTCMKTS:NCTKY) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 63 shares, a drop of 99.4% from the April 30th total of 9,985 shares. Based on an average trading volume of 7,220 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Nabtesco to a “buy” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Nabtesco has an average rating of “Buy”.

Nabtesco Stock Up 1.6%

NCTKY stock traded up $0.29 during trading on Thursday, hitting $18.39. 127 shares of the company traded hands, compared to its average volume of 6,494. Nabtesco has a 1 year low of $7.16 and a 1 year high of $19.46. The stock’s 50-day simple moving average is $15.41 and its 200 day simple moving average is $14.06.

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.