THK Co., Ltd. (OTCMKTS:THKLY) Short Interest Down 92.5% in January

THK Co., Ltd. (OTCMKTS:THKLY) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,700 shares, a drop of 92.5% from the December 31st total of 35,800 shares. Based on an average daily volume of 97,900 shares, the days-to-cover ratio is presently 0.0 days.

THK Price Performance

Shares of THKLY traded up $0.25 during midday trading on Tuesday, hitting $12.16. 27,264 shares of the company traded hands, compared to its average volume of 19,757. The stock has a 50-day moving average of $11.65 and a 200-day moving average of $9.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.09 and a quick ratio of 2.95. The firm has a market cap of $3.16 billion, a P/E ratio of 33.76 and a beta of 0.91. THK has a one year low of $7.68 and a one year high of $12.45.

THK (OTCMKTS:THKLY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter. The firm had revenue of $573.14 million during the quarter. THK had a net margin of 3.85% and a return on equity of 3.51%. As a group, sell-side analysts predict that THK will post 0.44 EPS for the current fiscal year.

THK Company Profile

THK Co, Ltd. engages in the manufacture and sale of mechanical components worldwide. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings/ double row angular contact ring, electric actuators, linear motor actuators, cam followers, roller followers, linear bushes, LM strokes, slide packs, slide rails, cross roller guides and tables, linear ball slides, LM and flat rollers, spline nuts, screw nuts, change nuts, precision linear packs, link balls, rod ends, spherical plain bearings, lubrication accessories, and seismic isolation products.