From MarketBeat:

Nidec Co. received a significant increase in short interest in December, with a total of 21,100 shares, up 402.4% from November 30th. The days-to-cover ratio is currently 0.0 days based on an average trading volume of 499,600 shares.

Nidec’s stock (OTCMKTS:NJDCY) traded up $0.27 to reach $10.14 during mid-day trading on Thursday. The company has a 12 month low of $8.94 and a 12 month high of $15.78.

Nidec last reported quarterly earnings on October 23rd, with a net margin of 2.65% and a return on equity of 4.07%. The industrial goods maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05.

Nidec Corporation develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication.

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