THK Co., Ltd. (OTCMKTS:THKLY) Sees Large Decline in Short Interest

THK Co., Ltd. (OTCMKTS:THKLY) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 2,700 shares, a decrease of 92.5% from the December 31st total of 35,800 shares. Based on an average daily volume of 97,900 shares, the days-to-cover ratio is currently 0.0 days.

THK Stock Up 1.7 %

OTCMKTS THKLY traded up $0.20 during mid-day trading on Thursday, hitting $12.16. The company’s stock had a trading volume of 6,474 shares, compared to its average volume of 18,172. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 33.78 and a beta of 0.91. The company’s 50 day simple moving average is $11.69 and its 200 day simple moving average is $9.86. The company has a current ratio of 4.09, a quick ratio of 2.95 and a debt-to-equity ratio of 0.20. THK has a twelve month low of $7.68 and a twelve month high of $12.45.

THK (OTCMKTS:THKLY) last posted its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter. THK had a return on equity of 3.51% and a net margin of 3.85%. The company had revenue of $573.14 million for the quarter. Analysts anticipate that THK will post 0.44 earnings per share for the current year.

About THK

THK Co, Ltd. engages in the manufacture and sale of mechanical components worldwide. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings/ double row angular contact ring, electric actuators, linear motor actuators, cam followers, roller followers, linear bushes, LM strokes, slide packs, slide rails, cross roller guides and tables, linear ball slides, LM and flat rollers, spline nuts, screw nuts, change nuts, precision linear packs, link balls, rod ends, spherical plain bearings, lubrication accessories, and seismic isolation products.