Short Interest in Thk Co., Ltd. (OTCMKTS:THKLY) Rises By 94.6%

Thk Co., Ltd. (OTCMKTS:THKLY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 7,200 shares, an increase of 94.6% from the September 15th total of 3,700 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 1.2 days.

THK Stock Performance

OTCMKTS:THKLY opened at $14.30 on Thursday. The company has a fifty day moving average of $13.82 and a 200-day moving average of $13.29. The firm has a market capitalization of $3.41 billion, a P/E ratio of 75.27 and a beta of 0.90. The company has a quick ratio of 2.08, a current ratio of 2.99 and a debt-to-equity ratio of 0.21. THK has a twelve month low of $7.78 and a twelve month high of $15.26.

THK (OTCMKTS:THKLY) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $631.98 million during the quarter. THK had a net margin of 2.02% and a return on equity of 1.99%. As a group, sell-side analysts anticipate that THK will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered shares of THK to a “sell” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About THK

THK Co, Ltd. engages in the manufacture and sale of mechanical components worldwide. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings/ double row angular contact ring, electric actuators, linear motor actuators, cam followers, roller followers, linear bushes, LM strokes, slide packs, slide rails, cross roller guides and tables, linear ball slides, LM and flat rollers, spline nuts, screw nuts, change nuts, precision linear packs, link balls, rod ends, spherical plain bearings, lubrication accessories, and seismic isolation products.