Short Interest in Kubota Co. (OTCMKTS:KUBTY) Declines By 37.3%

Kubota Co. (OTCMKTS:KUBTY) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 34,100 shares, a decline of 37.3% from the January 31st total of 54,400 shares. Based on an average daily volume of 91,400 shares, the short-interest ratio is currently 0.4 days.

Kubota Trading Down 1.5 %

OTCMKTS KUBTY opened at $60.75 on Tuesday. The stock’s 50 day moving average is $60.47 and its 200 day moving average is $64.55. 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 firm has a market capitalization of $14.03 billion, a PE ratio of 9.30, a P/E/G ratio of 5.29 and a beta of 0.97. Kubota has a twelve month low of $54.19 and a twelve month high of $85.00.

Kubota (OTCMKTS:KUBTY) last released its 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 net margin of 7.63% and a return on equity of 8.73%. Research analysts forecast that Kubota will post 5.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised 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.