Short Interest in Kubota Co. (OTCMKTS:KUBTY) Grows By 208.9%

Kubota Co. (OTCMKTS:KUBTY) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 17,300 shares, a growth of 208.9% from the February 28th total of 5,600 shares. Based on an average daily trading volume, of 36,700 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Kubota from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th.

Kubota Price Performance

Shares of Kubota stock traded down $0.22 during trading on Thursday, hitting $64.64. The stock had a trading volume of 11,006 shares, compared to its average volume of 43,700. Kubota has a 12 month low of $54.19 and a 12 month high of $85.00. The business’s 50-day moving average is $62.75 and its 200 day moving average is $63.83. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.50. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 5.29 and a beta of 0.96.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.94 EPS for the quarter. Kubota had a net margin of 7.63% and a return on equity of 8.73%. The business had revenue of $4.85 billion during the quarter. As a group, sell-side analysts anticipate that Kubota will post 5.57 earnings per share for the current 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.