Nidec Corp. (OTCMKTS:NJDCY) Short Interest Update

Nidec Corp. (OTCMKTS:NJDCY) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 8,452 shares, a decline of 71.8% from the March 15th total of 30,012 shares. Based on an average trading volume of 45,925 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Nidec Stock Down 5.0%

Shares of OTCMKTS:NJDCY traded down $0.18 during mid-day trading on Monday, reaching $3.38. 16,368 shares of the stock were exchanged, compared to its average volume of 46,043. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.26. The company has a market cap of $32.20 billion, a P/E ratio of 12.98 and a beta of 1.07. Nidec has a one year low of $1.84 and a one year high of $5.70. The stock’s 50 day simple moving average is $3.54 and its 200-day simple moving average is $3.49.

About Nidec

Nidec Corporation is a global manufacturer of electric motors and related systems, supplying components and finished products for a wide range of industries. The company is best known for its precision small motors used in computer hard-disk drives and other compact applications, and it has broadened its product portfolio to include motors, drives, controllers and mechatronic systems for consumer appliances, office automation, industrial equipment and automotive applications.

Its product range encompasses brushless DC motors, induction motors, servo systems, power electronics and complete motor-driven systems designed for energy efficiency and high performance.