Short Interest in Kobe Steel, Ltd. (OTCMKTS:KBSTF) Decreases By 58.3%

Kobe Steel, Ltd. (OTCMKTS:KBSTF – Get Rating) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 200,300 shares, a decline of 58.3% from the April 30th total of 480,100 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 2,003.0 days.

Shares of KBSTF traded up $0.27 during mid-day trading on Friday, reaching $5.35. 300 shares of the company’s stock traded hands, compared to its average volume of 1,342. The business’s 50-day moving average price is $4.84 and its 200-day moving average price is $5.05. Kobe Steel has a 12 month low of $4.00 and a 12 month high of $8.04.

Kobe Steel Company Profile (Get Rating)

Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses in Japan, North and South Americas, Europe, the Middle East, rest of Asia, and Oceania. The company offers steel sheet products, including high-tensile strength, hot rolled, cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates.

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