Kubota Co. (OTCMKTS:KUBTY) Sees Large Drop in Short Interest

Kubota Co. (OTCMKTS:KUBTY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 3,300 shares, a drop of 62.9% from the September 30th total of 8,900 shares. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is presently 0.1 days.

Kubota Price Performance

KUBTY stock opened at $64.46 on Monday. Kubota has a twelve month low of $59.47 and a twelve month high of $85.00. The company has a current ratio of 1.73, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $15.18 billion, a P/E ratio of 8.70, a PEG ratio of 4.89 and a beta of 0.96. The firm has a 50 day simple moving average of $70.09 and a 200-day simple moving average of $71.94.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.83. Kubota had a net margin of 8.43% and a return on equity of 10.10%. The business had revenue of $5.16 billion during the quarter. On average, equities research analysts predict that Kubota will post 7.02 earnings per share for the current fiscal year.

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.