Short Interest in Kubota Co. (OTCMKTS:KUBTY) Declines By 67.6%

Kubota Co. (OTCMKTS:KUBTY) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 5,600 shares, a drop of 67.6% from the March 15th total of 17,300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 39,600 shares, the days-to-cover ratio is currently 0.1 days.

Kubota Stock Performance

KUBTY stock traded down $0.87 during midday trading on Tuesday, reaching $56.81. The company had a trading volume of 41,004 shares, compared to its average volume of 49,749. The company has a quick ratio of 1.23, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $61.61 and a 200 day moving average price of $62.37. The firm has a market capitalization of $13.12 billion, a PE ratio of 8.70, a P/E/G ratio of 5.29 and a beta of 0.95. Kubota has a fifty-two week low of $51.65 and a fifty-two week high of $83.00.

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

Analyst Ratings Changes

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

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.