Nidec Co. (OTCMKTS:NJDCY) Sees Significant Drop in Short Interest

Nidec Co. (OTCMKTS:NJDCY - Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 23,700 shares, a decline of 92.7% from the September 15th total of 324,000 shares. Based on an average daily trading volume, of 105,600 shares, the days-to-cover ratio is presently 0.2 days.

Nidec Price Performance

OTCMKTS:NJDCY traded down $0.04 during mid-day trading on Thursday, hitting $5.04. 113,017 shares of the company's stock traded hands, compared to its average volume of 230,483. The firm's 50 day simple moving average is $10.12 and its 200 day simple moving average is $10.82. The company has a market cap of $11.62 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.62. Nidec has a 1 year low of $4.47 and a 1 year high of $6.63.

Nidec (OTCMKTS:NJDCY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial goods maker reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.01 billion. Nidec had a net margin of 4.80% and a return on equity of 7.01%. Sell-side analysts expect that Nidec will post 0.6 EPS for the current year.

About Nidec

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.

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