Short Interest in Kubota Co. (OTCMKTS:KUBTY) Decreases By 67.6%

Kubota Co. (OTCMKTS:KUBTY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 5,600 shares, a drop of 67.6% from the March 15th total of 17,300 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 39,600 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Kubota from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th.

Kubota Stock Performance

OTCMKTS:KUBTY traded up $2.14 during trading on Friday, reaching $59.10. The company's stock had a trading volume of 41,386 shares, compared to its average volume of 49,504. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 5.29 and a beta of 0.95. Kubota has a 12 month low of $51.65 and a 12 month high of $83.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.23 and a current ratio of 1.65. The firm has a 50 day moving average of $61.27 and a 200-day moving average of $62.07.

Kubota (OTCMKTS:KUBTY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter. The business had revenue of $4.85 billion during the quarter. Kubota had a net margin of 7.63% and a return on equity of 8.73%. Research analysts expect that Kubota will post 5.57 EPS for the current fiscal year.

Kubota Company Profile

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.