Nabtesco Co. (OTCMKTS:NCTKY) Short Interest Up 142.9% in July

Nabtesco Co. (OTCMKTS:NCTKY) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,700 shares, an increase of 142.9% from the June 30th total of 700 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 2.4 days.

Nabtesco Stock Down 2.7 %

Shares of OTCMKTS NCTKY traded down $0.25 during midday trading on Friday, hitting $8.80. The company had a trading volume of 985 shares, compared to its average volume of 1,948. The business has a 50-day simple moving average of $8.65 and a two-hundred day simple moving average of $8.88. Nabtesco has a twelve month low of $7.49 and a twelve month high of $13.98.

About Nabtesco

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots' joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.