NGK Insulators, Ltd. (OTCMKTS:NGKIF) Short Interest Down 70.5% in April

NGK Insulators, Ltd. (OTCMKTS:NGKIF – Get Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 88,000 shares, a drop of 70.5% from the April 15th total of 298,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 880.0 days.

OTCMKTS:NGKIF remained flat at $$13.60 during mid-day trading on Thursday. The business has a fifty day moving average price of $14.15 and a 200 day moving average price of $15.86. NGK Insulators has a 1 year low of $13.60 and a 1 year high of $19.10.

NGK Insulators Company Profile (Get Rating)

NGK Insulators, Ltd., together with its subsidiaries, manufactures and sells electric power related equipment in Japan and internationally. It operates through Energy Infrastructure Business, Ceramic Products Business, Electronics Business, and Process Technology Business segments. The company offers insulators, NAS, and zinc rechargeable batteries; HONEYCERAM, a ceramic substrate for automotive catalytic converters; energy-efficient products, including diesel particulate filters and gasoline particulate filters; and NOx sensors, which measures nitrogen oxide concentration in automobile exhaust.

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