NKT A/S (OTCMKTS:NRKBF) Sees Significant Drop in Short Interest

NKT A/S (OTCMKTS:NRKBF) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 33,000 shares, a decrease of 30.2% from the January 31st total of 47,300 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

NKT A/S Price Performance

NRKBF stock remained flat at $78.05 during trading on Tuesday. The firm has a 50 day moving average price of $78.05 and a 200-day moving average price of $86.69. NKT A/S has a 1 year low of $78.05 and a 1 year high of $95.91.

About NKT A/S

NKT A/S develops, manufactures, and markets cables, accessories, and solutions in Denmark and internationally. It operates through Solutions, Applications, and Service & Accessories segments. The company offers high voltage cable solutions, including high voltage onshore and offshore cables; medium voltage, dynamic, and universal cables; and low voltage building wires, flexible cables and conduits, control cables, 1 kV cables, and telecom energy cables.