Ossen Innovation Co., Ltd. (NASDAQ:OSN) Short Interest Update

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Ossen Innovation Co., Ltd. (NASDAQ:OSN) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 14,500 shares, a growth of 154.4% from the December 15th total of 5,700 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is currently 0.9 days.

Shares of OSN stock opened at $4.80 on Thursday. The stock’s 50-day simple moving average is $4.62 and its 200-day simple moving average is $4.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.90 and a quick ratio of 3.31. Ossen Innovation has a fifty-two week low of $1.50 and a fifty-two week high of $5.69.

Ossen Innovation Company Profile

Ossen Innovation Co, Ltd., together with its subsidiaries, manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China and internationally. The company offers plain surface products, including plain surface prestressed concrete (PC) strands that are used in precast concrete plates on the riding surface of bridges; and unbonded plain surface PC strands for the construction of bridges and buildings.

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