Kubota Corp. (OTCMKTS:KUBTY) Short Interest Down 28.4% in December

Kubota Corp. (OTCMKTS:KUBTY) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 179 shares, a drop of 28.4% from the November 30th total of 250 shares. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of research firms have commented on KUBTY. Zacks Research upgraded shares of Kubota from a “strong sell” rating to a “hold” rating in a research note on Friday, November 21st. UBS Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Kubota Price Performance

Shares of KUBTY traded down $0.28 during midday trading on Wednesday, reaching $70.23. The stock had a trading volume of 4,797 shares, compared to its average volume of 36,996. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.68 and a quick ratio of 1.26. The company has a market capitalization of $16.22 billion, a P/E ratio of 13.66 and a beta of 0.93. The firm’s 50 day moving average price is $69.62 and its 200-day moving average price is $63.20. Kubota has a 52 week low of $51.65 and a 52 week high of $75.00.

Kubota (OTCMKTS:KUBTY) last posted its quarterly earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.32. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.93 billion. Kubota had a net margin of 5.95% and a return on equity of 6.50%. On average, analysts forecast that Kubota will post 5.57 earnings per share for the current fiscal year.

Kubota Company Profile

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.