Kubota Co. (OTCMKTS:KUBTY) Short Interest Up 208.9% in March

Kubota Co. (OTCMKTS:KUBTY) was the target of a significant growth in short interest in 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is presently 0.5 days.

Kubota Trading Down 3.1 %

Shares of KUBTY stock opened at $62.46 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.23 and a current ratio of 1.65. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 5.29 and a beta of 0.96. Kubota has a 52-week low of $54.19 and a 52-week high of $85.00. The company has a 50-day simple moving average of $62.96 and a two-hundred day simple moving average of $63.78.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.94 EPS for the quarter. The company had revenue of $4.85 billion during the quarter. Kubota had a return on equity of 8.73% and a net margin of 7.63%. Research analysts anticipate that Kubota will post 5.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Kubota

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.