Short Interest in Harmonic Drive Systems Inc. (OTCMKTS:HSYDF) Declines By 24.0%

Harmonic Drive Systems Inc. (OTCMKTS:HSYDF) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,051,900 shares, a drop of 24.0% from the February 28th total of 1,383,900 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 2,629.8 days.

Harmonic Drive Systems Stock Performance

OTCMKTS:HSYDF traded down $0.85 during midday trading on Tuesday, reaching $22.00. The stock had a trading volume of 533 shares, compared to its average volume of 480. Harmonic Drive Systems has a 1-year low of $12.28 and a 1-year high of $36.00. The firm’s fifty day simple moving average is $28.65 and its 200-day simple moving average is $22.51.

Harmonic Drive Systems Company Profile

Harmonic Drive Systems Inc produces and sells precision control equipment and components worldwide. It offers speed reducers, rotary actuators, linear actuators, AC servo motors, and other mechatronics products, as well as otors, sensors, drivers, controllers, and other system elements. The company also provides HarmonicDrive, a speed reducer for space; high-precision planetary speed reducers under the AccuDrive and Harmonic Planetary brands; and high-performance gear heads for servo motors series.