Koito Manufacturing Co., Ltd. (OTCMKTS:KOTMY – Get Rating) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 500 shares, a decrease of 37.5% from the March 31st total of 800 shares. Based on an average trading volume of 36,100 shares, the short-interest ratio is presently 0.0 days.
Separately, JPMorgan Chase & Co. lowered shares of Koito Manufacturing from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 22nd.
Shares of KOTMY stock traded up $0.12 on Friday, hitting $37.06. The stock had a trading volume of 12,064 shares, compared to its average volume of 16,509. The stock’s 50 day moving average is $41.58 and its 200-day moving average is $50.87. Koito Manufacturing has a 52-week low of $33.98 and a 52-week high of $67.07.
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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