Nidec Co. (OTCMKTS:NJDCY – Get 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 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.
- Get a free copy of the StockNews.com research report on Nidec (NJDCY)
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