Nidec Corp. (OTCMKTS:NJDCY) Sees Large Decrease in Short Interest

Nidec Corp. (OTCMKTS:NJDCY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 7,077 shares, a decrease of 57.7% from the September 30th total of 16,736 shares. Based on an average trading volume of 17,832 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Nidec Stock Performance

OTCMKTS NJDCY opened at $2.55 on Friday. Nidec has a twelve month low of $0.34 and a twelve month high of $5.00. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $3.64 and a 200 day moving average of $3.77.

Nidec (OTCMKTS:NJDCY) last issued its quarterly earnings data on Wednesday, September 30th. The industrial goods maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.15 billion. Nidec had a negative net margin of 17.80% and a negative return on equity of 33.77%.

Nidec Company Profile

Nidec Corporation is a Japan-based manufacturer of electric motors and related components. The company develops precision motors used in hard disk drives, optical disk drives, smartphones, cameras, and other electronic equipment, as well as motors and systems for automobiles, household appliances, commercial equipment, industrial machinery, and robotics.

Founded in 1973 by Shigenobu Nagamori, Nidec has expanded from a specialist producer of small precision motors into a diversified global motor and motion-control company.