Short Interest in Nichias Co. (OTCMKTS:NICFF) Rises By 205.4%

Nichias Co. (OTCMKTS:NICFF – Get Rating) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 17,100 shares, an increase of 205.4% from the March 31st total of 5,600 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

NICFF opened at $22.90 on Thursday. The business has a fifty day moving average of $22.90 and a 200 day moving average of $24.69. Nichias has a 52-week low of $22.90 and a 52-week 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.

Read More