Kubota Co. (OTCMKTS:KUBTY) Short Interest Down 62.9% in October

Kubota Co. (OTCMKTS:KUBTY - Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 3,300 shares, a decline of 62.9% from the September 30th total of 8,900 shares. Based on an average daily volume of 32,800 shares, the days-to-cover ratio is presently 0.1 days.

Kubota Stock Performance

Shares of KUBTY traded down $0.03 during midday trading on Monday, hitting $64.43. 54,952 shares of the stock traded hands, compared to its average volume of 26,929. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.73. Kubota has a 1-year low of $59.47 and a 1-year high of $85.00. The business's 50 day moving average price is $69.99 and its two-hundred day moving average price is $71.80. The firm has a market capitalization of $15.17 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 4.83 and a beta of 0.96.

Kubota (OTCMKTS:KUBTY - Get Free Report) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.30 by $0.83. The firm had revenue of $5.16 billion during the quarter. Kubota had a net margin of 8.43% and a return on equity of 10.10%. Equities research analysts predict that Kubota will post 7.02 EPS for the current fiscal year.

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.