Hoshizaki Co. (OTCMKTS:HSHZY) Sees Large Decline in Short Interest

Hoshizaki Co. (OTCMKTS:HSHZY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 765 shares, a decline of 60.3% from the May 14th total of 1,928 shares. Based on an average trading volume of 5,809 shares, the days-to-cover ratio is currently 0.1 days.

Hoshizaki Stock Performance

Shares of HSHZY stock remained flat at $8.21 during mid-day trading on Friday. 5 shares of the stock traded hands, compared to its average volume of 2,269. Hoshizaki has a 1 year low of $7.60 and a 1 year high of $10.14. The company has a 50-day simple moving average of $8.28 and a 200 day simple moving average of $8.45.

Hoshizaki Company Profile

Hoshizaki Corporation develops and manufactures commercial foodservice equipment, with a primary focus on ice machines, refrigeration units and specialty kitchen appliances. The company’s product range includes modular and self-contained ice makers, undercounter refrigerators, blast chillers, display cases and sushi preparation tables. In addition to ice equipment, Hoshizaki produces water dispensers and frozen beverage machines for a variety of foodservice customers.

Founded in Nagoya, Japan in the late 1940s, Hoshizaki has grown from a domestic refrigeration specialist into a global supplier of foodservice technology.