THK Co., Ltd. (OTCMKTS: THKLY) sees a sharp increase in short-term interest

THK Co., Ltd. (OTCMKTS:THKLY – Get Rating) saw a surge in short-term interest in June. As of June 30, there was short interest totaling 1,200 shares, an increase of 71.4% from the total of 700 shares as of June 15. Based on an average daily volume of 76,700 shares, the short-term interest rate ratio is currently 0.0 day.

Wall Street analysts predict growth

Separately, Goldman Sachs Group downgraded THK shares from a “neutral” rating to a “sell” rating in a Friday, April 22 research report. Three equity research analysts gave the stock a sell rating and two gave the company a hold rating. According to MarketBeat, THK currently has an average rating of “Reduce”.

THK shares down 0.8%

OTCMKTS: THKLY opened at $9.21 on Tuesday. The stock’s 50-day simple moving average is $9.86 and its 200-day simple moving average is $10.74. THK has a 12-month low of $9.00 and a 12-month high of $15.15. The company has a market capitalization of $2.39 billion, a PE ratio of 43.86 and a beta of 1.15.

About THK

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THK Co, Ltd. manufactures and supplies machine components worldwide. It provides Linear Motion (LM) Guides, Spline Nuts, LM Races, Cross Roller Guides, Linear Ball Slides, Flat Rollers, Slides, LM Guide Actuators, Ball Splines, linear bushings, precision linear packs, cross roller tables, LM rollers, and slide packs.

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