Short Interest in Nabtesco Co. (OTCMKTS:NCTKY) Decreases By 68.8%

Nabtesco Co. (OTCMKTS:NCTKYGet Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 500 shares, a decline of 68.8% from the December 15th total of 1,600 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 0.7 days.

Nabtesco Stock Down 2.2 %

Shares of NCTKY traded down $0.20 during trading hours on Monday, reaching $8.99. 16,628 shares of the company traded hands, compared to its average volume of 4,632. Nabtesco has a 12-month low of $7.00 and a 12-month high of $13.98. The stock’s fifty day moving average price is $8.59 and its 200 day moving average price is $8.63.

Nabtesco Company Profile

(Get Free Report)

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.

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