NEC Co. (OTCMKTS:NIPNF) Short Interest Update

Key Points

• NEC Co. experienced a significant 41.4% increase in short interest in August, rising from 2,844,700 shares to 4,022,100 shares.
• Currently, only 1.5% of NEC's stock is short sold, resulting in a days-to-cover ratio of 2,116.9 days based on an average trading volume of 1,900 shares.
• NEC's share price has recently risen by 10.9%, reaching $31.33, while the company has a 52-week trading range with a low of $12.55 and a high of $33.41.

NEC Co. (OTCMKTS:NIPNF - Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,022,100 shares, a growth of 41.4% from the August 15th total of 2,844,700 shares. Approximately 1.5% of the company's stock are sold short. Based on an average daily volume of 1,900 shares, the short-interest ratio is currently 2,116.9 days. Based on an average daily volume of 1,900 shares, the short-interest ratio is currently 2,116.9 days. Approximately 1.5% of the company's stock are sold short.

NEC Price Performance

Shares of NIPNF remained flat at $31.77 during mid-day trading on Friday. The company's 50-day moving average price is $29.84 and its two-hundred day moving average price is $34.31. NEC has a 52 week low of $12.55 and a 52 week high of $33.41.

NEC Company Profile

NEC Corporation provides information and communication technology solutions in Japan and internationally. It operates through five segments: Public Solutions Business, Public Infrastructure Business, Enterprise Business, Network Services Business, and Global Business. It provides systems integration services, including systems implementation and consulting; maintenance and support services; outsourcing and cloud services; and system equipment.