Short Interest in Nihon Kohden Co. (OTCMKTS:NHNKY) Drops By 38.8%

Nihon Kohden Co. (OTCMKTS:NHNKYGet Rating) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 5,200 shares, a decline of 38.8% from the March 31st total of 8,500 shares. Based on an average daily trading volume, of 10,600 shares, the days-to-cover ratio is currently 0.5 days.

Shares of Nihon Kohden stock opened at $12.41 on Friday. Nihon Kohden has a one year low of $11.12 and a one year high of $19.40. The company has a market cap of $2.20 billion, a PE ratio of 10.43 and a beta of -0.53. The business has a 50-day simple moving average of $12.49 and a 200-day simple moving average of $13.77.

About Nihon Kohden (Get Rating)

Nihon Kohden Corporation engages in the development, production, and sale of medical electronic equipment in Japan, Americas, Europe, rest of Asia, and internationally. It provides physiological measuring equipment, including electroencephalographs, electrocardiographs, evoked potential and electromyogram measuring instruments, and polygraphs for cath labs, as well as diagnostic information systems and related consumables, such as recording papers, electrodes and catheters, and maintenance services.

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