Otsuka Co. (OTCMKTS:OSUKF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 133,300 shares, an increase of 94.9% from the December 15th total of 68,400 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 666.5 days.
Shares of Otsuka stock opened at $50.65 on Thursday. Otsuka has a 52-week low of $46.35 and a 52-week high of $50.65. The company has a 50 day moving average price of $47.92.
Separately, The Goldman Sachs Group initiated coverage on Otsuka in a report on Monday, September 28th. They set a “sell” rating on the stock.
Otsuka Corporation provides system integration, support, and other services in Japan. The company operates through two segments, System Integration Business, and Service and Support Business. The System Integration Business segment offers system services ranging from consulting, system design and development, transport and installation work, and network construction.
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