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

Nabtesco Co. (OTCMKTS:NCTKY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 500 shares, a drop of 68.8% from the December 31st total of 1,600 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 0.7 days.

Nabtesco Price Performance

NCTKY traded up $2.39 on Tuesday, reaching $11.01. The company had a trading volume of 162 shares, compared to its average volume of 2,676. The stock has a 50-day moving average price of $8.85 and a 200-day moving average price of $8.70. Nabtesco has a 1 year low of $7.00 and a 1 year 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.