Ushio Inc. (OTCMKTS:UHOIF) Sees Significant Decrease in Short Interest

Ushio Inc. (OTCMKTS:UHOIFGet 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 46,000 shares, a drop of 37.4% from the April 15th total of 73,500 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 460.0 days.

Shares of OTCMKTS UHOIF opened at $13.40 on Friday. Ushio has a 12 month low of $12.64 and a 12 month high of $20.17. The firm’s 50 day simple moving average is $13.95 and its 200-day simple moving average is $16.40.

About Ushio (Get Rating)

Ushio, Inc engages in the business of light source devices. It operates through the following segments: Light Sources, Equipment and Others. The Light Sources segment manufactures and sells halogen and discharge lamps. The Equipment segment manufactures and sells imaging and optical equipment. The Others segment involves in the plastic forming applications, peripheral machinery, factory automation systems, and others.

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