Nabtesco Co. (OTCMKTS:NCTKY) Sees Large Increase in Short Interest

Nabtesco Co. (OTCMKTS:NCTKY) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 6,000 shares, an increase of 2,900.0% from the February 13th total of 200 shares. Based on an average daily trading volume, of 2,500 shares, the short-interest ratio is currently 2.4 days.

Nabtesco Stock Down 1.4 %

NCTKY stock opened at $9.60 on Friday. The business has a fifty day moving average price of $9.39 and a 200 day moving average price of $8.76. Nabtesco has a fifty-two week low of $7.00 and a fifty-two week high of $13.98.

About Nabtesco

Nabtesco Corporation manufactures and sells equipment in the industrial, daily life, and environmental fields in Japan and internationally. The company offers precision reduction gears for industrial robots' joints; hydraulic equipment, such as traveling unit for crawlers, control valve for mini excavators, and swing unit for hydraulic excavators; railroad vehicle equipment, such as railroad vehicle brake systems, test equipment, door operating units, brake shoes, seat turning equipment, and snow removal devices; and aircraft equipment comprising flight control actuation systems and high voltage electric power distribution units.