Daihen Corp (OTCMKTS:DAIPF) Stock Short Interest Rises 376.6%

Daihen Corp (OTCMKTS:DAIPF) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 696,661 shares, an increase of 376.6% from the September 15th total of 146,163 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ? days.

Daihen Price Performance

DAIPF remained flat at C$23.67 during mid-day trading on Friday. The firm’s fifty day moving average price is C$95.62 and its 200 day moving average price is C$94.98. Daihen has a twelve month low of C$51.55 and a twelve month high of C$118.40.

About Daihen

Daihen Corporation is a Japan-based manufacturer of electrical and industrial equipment. The company develops products for power transmission and distribution, including transformers, switchgear, power converters, distribution automation systems, and equipment used in renewable energy and electric vehicle applications.

Daihen also operates a welding and industrial automation business. Its products include arc-welding power sources, welding robots, laser and plasma processing systems, industrial robots, and related production equipment used in automotive, construction, shipbuilding, and other manufacturing industries.

In addition, the company supplies equipment for semiconductor and electronics manufacturing, including systems designed for handling and processing components in controlled production environments.