Nitori Holdings Co., Ltd. (OTCMKTS:NCLTF) Sees Significant Decline in Short Interest

Nitori Holdings Co., Ltd. (OTCMKTS:NCLTFGet Rating) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 192,200 shares, a drop of 49.7% from the March 31st total of 382,300 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 113.1 days.

NCLTF stock opened at $99.20 on Friday. The business’s fifty day moving average price is $129.55 and its two-hundred day moving average price is $150.86. Nitori has a fifty-two week low of $98.53 and a fifty-two week high of $209.47.

Separately, Jefferies Financial Group cut Nitori from a “hold” rating to an “underperform” rating in a research report on Wednesday, March 9th.

About Nitori (Get Rating)

Nitori Holdings Co, Ltd., through its subsidiaries, retails furniture and interior products in Japan, China, Taiwan, and the United States. The company also provides non-life and life insurance products; logistics services; and advertising and public relations support services. Nitori Holdings Co, Ltd.

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