NSK Ltd. (OTCMKTS:NPSKY) Sees Large Drop in Short Interest

NSK Ltd. (OTCMKTS:NPSKY) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 137 shares, a decrease of 80.9% from the July 15th total of 716 shares. Based on an average daily volume of 544 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

NSK Stock Performance

Shares of NSK stock opened at $14.93 on Wednesday. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 17.98 and a beta of 0.61. The business has a 50-day moving average price of $14.32 and a 200-day moving average price of $15.00. The company has a quick ratio of 1.54, a current ratio of 2.30 and a debt-to-equity ratio of 0.32. NSK has a twelve month low of $9.88 and a twelve month high of $18.45.

NSK (OTCMKTS:NPSKY) last posted its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. NSK had a return on equity of 4.45% and a net margin of 3.24%.The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion.

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.