Nidec Co. (OTCMKTS:NJDCY) Sees Large Decline in Short Interest

Nidec Co. (OTCMKTS:NJDCYGet Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 6,000 shares, a decrease of 53.8% from the April 30th total of 13,000 shares. Based on an average trading volume of 462,300 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered Nidec from a “buy” rating to a “hold” rating in a research report on Monday, April 24th.

Nidec Stock Down 0.5 %

NJDCY traded down $0.07 on Friday, reaching $12.90. 153,617 shares of the company traded hands, compared to its average volume of 216,876. The stock’s 50 day moving average price is $12.70 and its 200-day moving average price is $13.46. Nidec has a 52-week low of $11.66 and a 52-week high of $19.00. The company has a market cap of $29.72 billion, a price-to-earnings ratio of 91.93, a PEG ratio of 1.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.58 and a quick ratio of 0.98.

Nidec (OTCMKTS:NJDCYGet Rating) last announced its quarterly earnings data on Monday, April 24th. The industrial goods maker reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06). The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Nidec had a net margin of 1.95% and a return on equity of 3.02%. On average, sell-side analysts expect that Nidec will post 0.51 EPS for the current fiscal year.

About Nidec

(Get Rating)

NIDEC CORP. engages in the development, manufacturing, and sale of small precision, automotive, commercial & industrial motors, electronic & optical components, and other related products. It operates through the following segments: Nidec, Nidec Electronics Thailand, Nidec Singapore, Nidec Hong Kong, Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators.

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