Short Interest in NSK Ltd. (OTCMKTS:NPSKY) Decreases By 44.9%

NSK Ltd. (OTCMKTS:NPSKY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 287 shares, a drop of 44.9% from the May 14th total of 521 shares. Based on an average trading volume of 354 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are short sold.

NSK Stock Up 7.4%

Shares of OTCMKTS NPSKY traded up $1.07 during midday trading on Friday, hitting $15.45. 176 shares of the company’s stock were exchanged, compared to its average volume of 303. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.45. NSK has a twelve month low of $8.98 and a twelve month high of $18.45. The company has a market cap of $3.78 billion, a PE ratio of 25.33 and a beta of 0.58. The firm’s fifty day simple moving average is $15.22 and its 200-day simple moving average is $14.43.

NSK (OTCMKTS:NPSKY) last issued its earnings results on Tuesday, May 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.08. NSK had a return on equity of 3.28% and a net margin of 2.49%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 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.