Kobe Steel, Ltd. (OTCMKTS:KBSTF) Short Interest Down 16.5% in April

Kobe Steel, Ltd. (OTCMKTS:KBSTF) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 2,282,700 shares, a drop of 16.5% from the March 31st total of 2,732,600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 22,827.0 days.

Kobe Steel Price Performance

Shares of KBSTF opened at $13.80 on Monday. Kobe Steel has a 1 year low of $9.65 and a 1 year high of $13.80. The company’s 50 day simple moving average is $12.95 and its 200 day simple moving average is $11.07.

Kobe Steel Company Profile

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.