Short Interest in Nabtesco Co. (OTCMKTS:NCTKY) Expands By 235.5%

Nabtesco Co. (OTCMKTS:NCTKY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,399 shares, an increase of 235.5% from the May 31st total of 417 shares. Based on an average trading volume of 3,452 shares, the days-to-cover ratio is presently 0.4 days.

Nabtesco Trading Down 6.2%

Nabtesco stock opened at $15.49 on Tuesday. The business’s 50-day simple moving average is $16.72 and its two-hundred day simple moving average is $14.88. Nabtesco has a fifty-two week low of $7.56 and a fifty-two week high of $19.46.

Nabtesco Company Profile

Nabtesco Corporation, headquartered in Tokyo, Japan, is a leading global supplier of precision equipment and motion control systems. The company was established in 2003 through the integration of Teijin Seiki Co, Ltd. and Nabco Ltd., drawing on a long heritage of engineering expertise dating back to the mid-20th century. Since its founding, Nabtesco has focused on delivering advanced mechanical and electronic components that enhance safety, reliability and efficiency across a variety of industries.

At the core of Nabtesco’s offering are its precision reduction gears and servo actuators, which provide high-accuracy motion control for industrial automation, robotics and factory machinery.