NSK Ltd. (OTCMKTS:NPSKY) Sees Large Drop in Short Interest

NSK Ltd. (OTCMKTS:NPSKYGet Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 137 shares, a decline of 80.9% from the July 15th total of 716 shares. Based on an average daily trading volume, of 544 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

NSK Stock Performance

Shares of NPSKY stock opened at $14.93 on Wednesday. NSK has a 52-week low of $9.88 and a 52-week high of $18.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.54 and a current ratio of 2.30. The firm has a market capitalization of $3.65 billion, a PE ratio of 17.98 and a beta of 0.61. The stock has a fifty day simple moving average of $14.32 and a two-hundred day simple moving average of $15.00.

NSK (OTCMKTS:NPSKYGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. NSK had a return on equity of 4.45% and a net margin of 3.24%.The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion.

NSK Company Profile

(Get Free Report)

NSK Ltd. is a Japan-based manufacturer specializing in the design, production and sale of bearings, automotive components and precision machinery. Established in 1916 and headquartered in Tokyo, the company has built a reputation for high-quality rolling bearings, linear motion products and mechatronic systems used in a wide range of industrial and automotive applications.

The company’s product portfolio encompasses deep groove ball bearings, cylindrical roller bearings, spherical roller bearings and thin-section bearings, along with automotive steering and driveline components.

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