Kansai Paint Co., Ltd. (OTCMKTS:KSANF) Sees Large Increase in Short Interest

Kansai Paint Co., Ltd. (OTCMKTS:KSANFGet Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,643,000 shares, a growth of 91.7% from the April 15th total of 856,900 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 8,215.0 days.

Separately, The Goldman Sachs Group downgraded shares of Kansai Paint from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 29th.

OTCMKTS KSANF traded down $2.78 during trading hours on Friday, reaching $12.22. 200 shares of the company traded hands, compared to its average volume of 983. Kansai Paint has a 12 month low of $12.22 and a 12 month high of $23.17. The company has a 50 day moving average of $16.89 and a two-hundred day moving average of $20.22.

About Kansai Paint (Get Rating)

Kansai Paint Co, Ltd. manufactures and sells paints in Japan, India, Asia, Africa, Europe, and internationally. The company offers decorative coatings for protecting exterior and interior of buildings; protective coatings; automotive refinish paints; automotive coatings; industrial coatings that are used in construction machinery, industrial vehicles, steel furniture, external building materials, electronics, and internal coatings and external designs of beverage cans; and marine and protective coatings.

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