NKT A/S (OTCMKTS:NRKBF) Sees Significant Increase in Short Interest

NKT A/S (OTCMKTS:NRKBF) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 52,400 shares, an increase of 28.4% from the March 31st total of 40,800 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

NKT A/S Price Performance

NRKBF stock opened at $81.65 on Friday. The business has a 50 day simple moving average of $78.27 and a 200-day simple moving average of $81.72. NKT A/S has a twelve month low of $78.05 and a twelve month high of $95.91.

Wall Street Analyst Weigh In

Separately, Barclays raised NKT A/S from an “underweight” rating to an “overweight” rating in a report on Tuesday, April 15th.

NKT A/S Company Profile

NKT A/S develops, manufactures, and markets cables, accessories, and solutions in Denmark and internationally. It operates through Solutions, Applications, and Service & Accessories segments. The company offers high voltage cable solutions, including high voltage onshore and offshore cables; medium voltage, dynamic, and universal cables; and low voltage building wires, flexible cables and conduits, control cables, 1 kV cables, and telecom energy cables.