Kubota Corp. (OTCMKTS:KUBTY) Short Interest Up 453.6% in December
by Doug Wharley · The Cerbat GemKubota Corp. (OTCMKTS:KUBTY – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 991 shares, an increase of 453.6% from the December 15th total of 179 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 166,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 166,200 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Kubota Stock Performance
OTCMKTS:KUBTY traded up $0.14 during midday trading on Wednesday, reaching $74.65. The stock had a trading volume of 3,523 shares, compared to its average volume of 38,857. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 0.51. The stock has a market cap of $16.98 billion, a P/E ratio of 14.52 and a beta of 0.91. The firm has a fifty day simple moving average of $70.80 and a two-hundred day simple moving average of $64.48. Kubota has a 12-month low of $51.65 and a 12-month high of $77.85.
Kubota (OTCMKTS:KUBTY – Get Free Report) last released its earnings results on Friday, November 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.16 by $0.32. Kubota had a net margin of 5.95% and a return on equity of 6.50%. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.93 billion. On average, equities analysts expect that Kubota will post 5.57 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on KUBTY shares. UBS Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Zacks Research downgraded shares of Kubota from a “hold” rating to a “strong sell” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.
Check Out Our Latest Research Report on Kubota
Kubota Company Profile
Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.