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

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

Analysts Set New Price Targets

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

Nabtesco Stock Performance

OTCMKTS NCTKY traded up $0.24 on Wednesday, hitting $18.10. The stock had a trading volume of 2,462 shares, compared to its average volume of 6,564. Nabtesco has a 52-week low of $7.16 and a 52-week high of $19.46. The firm has a 50-day moving average of $15.41 and a 200-day moving average of $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.