Koito Manufacturing Co., Ltd. (OTCMKTS:KOTMY – Get Rating) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 800 shares, a decrease of 68.0% from the March 15th total of 2,500 shares. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is currently 0.0 days.
Shares of OTCMKTS KOTMY opened at $34.27 on Wednesday. Koito Manufacturing has a twelve month low of $33.98 and a twelve month high of $67.68. The company’s fifty day moving average is $45.79 and its 200-day moving average is $52.96.
Separately, JPMorgan Chase & Co. lowered shares of Koito Manufacturing from an “overweight” rating to a “neutral” rating in a research note on Tuesday, March 22nd.
Koito Manufacturing Co, Ltd. engages in the manufacturing and marketing of automotive lighting equipment, aircraft parts, and electrical equipment. Its products include automotive lighting and accessories such as light-emitting diode (LED), discharge, and halogen headlamps, fog lamps, side turn signal lamps, and LED rear combination lamps; aircraft lighting and equipment that includes interior and exterior lights, caution warning panels, electrical equipment, and hydraulic equipment; and ship lights and special products including LED marine lamps and destination indicators.
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