Kobe Steel, Ltd. (OTCMKTS:KBSTF) Sees Significant Increase in Short Interest

Kobe Steel, Ltd. (OTCMKTS:KBSTF) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 3,459,100 shares, a growth of 37.9% from the April 30th total of 2,508,900 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Kobe Steel Stock Performance

Shares of OTCMKTS:KBSTF opened at $13.80 on Wednesday. Kobe Steel has a 52 week low of $9.65 and a 52 week high of $13.80. The company’s fifty day moving average is $13.79 and its 200-day moving average is $11.61.

About Kobe Steel

Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses worldwide. The company offers steel sheet products, including high-tensile strength, hot and cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates.