NSK Ltd. (OTCMKTS:NPSKY) Short Interest Up 199.4% in May
by Doug Wharley · The Cerbat GemNSK Ltd. (OTCMKTS:NPSKY – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 521 shares, an increase of 199.4% from the April 30th total of 174 shares. Based on an average daily trading volume, of 539 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company’s stock are short sold.
NSK Stock Up 6.3%
NSK stock traded up $0.94 during midday trading on Friday, reaching $15.75. The stock had a trading volume of 420 shares, compared to its average volume of 207. The firm’s fifty day simple moving average is $15.27 and its 200-day simple moving average is $14.25. NSK has a 1-year low of $8.98 and a 1-year high of $18.45. The stock has a market capitalization of $3.85 billion, a P/E ratio of 25.82 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.45 and a current ratio of 2.14.
NSK (OTCMKTS:NPSKY – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.08. NSK had a return on equity of 3.28% and a net margin of 2.49%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion.
About NSK
NSK Ltd. is a Japan-based manufacturer specializing in the design, production and sale of bearings, automotive components and precision machinery. Established in 1916 and headquartered in Tokyo, the company has built a reputation for high-quality rolling bearings, linear motion products and mechatronic systems used in a wide range of industrial and automotive applications.
The company’s product portfolio encompasses deep groove ball bearings, cylindrical roller bearings, spherical roller bearings and thin-section bearings, along with automotive steering and driveline components.