Kubota Co. (OTCMKTS:KUBTY) Sees Significant Drop in Short Interest

Kubota Co. (OTCMKTS:KUBTY) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 3,300 shares, a decrease of 62.9% from the September 30th total of 8,900 shares. Based on an average daily volume of 32,800 shares, the days-to-cover ratio is currently 0.1 days.

Kubota Stock Performance

Shares of KUBTY opened at $64.46 on Monday. Kubota has a twelve month low of $59.47 and a twelve month high of $85.00. The company has a current ratio of 1.73, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $15.18 billion, a P/E ratio of 8.70, a PEG ratio of 4.89 and a beta of 0.96. The firm’s 50-day moving average is $70.09 and its two-hundred day moving average is $71.94.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.83. The business had revenue of $5.16 billion for the quarter. Kubota had a return on equity of 10.10% and a net margin of 8.43%. On average, research analysts predict that Kubota will post 7.02 earnings per share for the current fiscal year.

Kubota Company Profile

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.