Stanley Electric Co., Ltd. (OTCMKTS:STAEF) Sees Large Decrease in Short Interest

Stanley Electric Co., Ltd. (OTCMKTS:STAEFGet Rating) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 1,160,300 shares, a decrease of 31.0% from the April 15th total of 1,681,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 11,603.0 days.

Separately, JPMorgan Chase & Co. cut Stanley Electric from a “neutral” rating to an “underweight” rating in a research note on Tuesday, March 22nd.

STAEF remained flat at $$16.64 during trading hours on Friday. Stanley Electric has a twelve month low of $16.40 and a twelve month high of $28.69. The stock’s 50 day moving average is $21.29 and its two-hundred day moving average is $23.45.

Stanley Electric Company Profile (Get Rating)

Stanley Electric Co, Ltd., together with its subsidiaries, manufacture, sells, and import/export of automotive and other light bulbs. It operates through Automotive Equipment, Electronic Components, and Applied Electronic Products segments. The Automotive Equipment Business segment offers LED, HID, and halogen headlamps; rear combination, turn signal, and fog lamps; and automotive LED and light bulbs, etc.

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