Short Interest in Kubota Co. (OTCMKTS:KUBTY) Expands By 208.9%

Kubota Co. (OTCMKTS:KUBTY - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 17,300 shares, a growth of 208.9% from the February 28th total of 5,600 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 36,700 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

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

Kubota Stock Down 1.3 %

Kubota stock traded down $0.84 during midday trading on Monday, reaching $61.62. The stock had a trading volume of 18,254 shares, compared to its average volume of 42,546. Kubota has a 1-year low of $54.19 and a 1-year high of $85.00. 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's fifty day simple moving average is $62.96 and its 200-day simple moving average is $63.68. The stock has a market capitalization of $14.23 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 5.29 and a beta of 0.96.

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

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About Kubota

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.