Short Interest in Nidec Co. (OTCMKTS:NJDCY) Expands By 22.0%

Nidec Co. (OTCMKTS:NJDCY) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 23,300 shares, an increase of 22.0% from the July 15th total of 19,100 shares. Based on an average daily volume of 107,000 shares, the short-interest ratio is currently 0.2 days.

Nidec Stock Performance

Shares of OTCMKTS NJDCY traded up $0.34 during midday trading on Friday, hitting $10.50. 33,110 shares of the stock traded hands, compared to its average volume of 124,679. The firm has a market capitalization of $24.20 billion, a P/E ratio of 26.92, a PEG ratio of 0.57 and a beta of 1.12. Nidec has a one year low of $8.94 and a one year high of $13.27. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.62. The firm has a 50-day moving average of $10.91 and a two-hundred day moving average of $10.64.

Nidec (OTCMKTS:NJDCY) last posted its earnings results on Tuesday, July 23rd. The industrial goods maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.01 billion. Nidec had a return on equity of 7.01% and a net margin of 4.80%. On average, equities analysts forecast that Nidec will post 0.56 EPS for the current fiscal year.

About Nidec

Nidec Corporation, together with its subsidiaries, develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally. The company offers medium- and large-size motors, small-size and precision motors, motor-related products, units and modules, automotive components, mechanical equipment/machine tools, inspection and measuring equipment, electronic devices, sensors, and other products, as well as mold, molding, cutting, and machining components.