Nichias Co. (OTCMKTS:NICFF) Sees Significant Drop in Short Interest

Nichias Co. (OTCMKTS:NICFFGet Rating) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,600 shares, a drop of 59.4% from the March 15th total of 13,800 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

OTCMKTS NICFF remained flat at $$22.90 on Friday. The business’s fifty day moving average price is $22.90 and its two-hundred day moving average price is $24.86. Nichias has a one year low of $22.90 and a one year high of $22.90.

About Nichias (Get Rating)

Nichias Corporation manufactures and sells thermal insulation materials primarily in Japan. It operates in five segments: Energy and Industrial Plants, Industrial Products, Advanced Products, Autoparts, and Building Materials. The company offers gaskets and packings, including non-asbestos gaskets and packings, rubber type gaskets, other seal products, and peripheral function materials; and thermal insulation materials, such as fiber products, high performance thermal insulation materials, heat-insulation boards, and cryogenic insulation materials, as well as thermal insulation materials for molten aluminum.

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