Nippon Steel Co. (OTCMKTS:NISTF) Sees Significant Increase in Short Interest

Nippon Steel Co. (OTCMKTS:NISTF) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,736,800 shares, an increase of 21.1% from the November 30th total of 1,433,900 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 1,736.8 days.

Nippon Steel Price Performance

OTCMKTS NISTF remained flat at $18.94 on Tuesday. 6 shares of the company’s stock traded hands, compared to its average volume of 841. Nippon Steel has a 52 week low of $16.98 and a 52 week high of $25.22. The business has a 50-day moving average price of $20.24 and a two-hundred day moving average price of $21.09.

Nippon Steel Company Profile

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.