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

Nippon Steel Co. (OTCMKTS:NISTF) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 4,864,300 shares, an increase of 19.1% from the June 15th total of 4,084,400 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 16,214.3 days.

Nippon Steel Stock Performance

Shares of OTCMKTS:NISTF remained flat at $21.65 during midday trading on Monday. The firm’s 50 day moving average is $21.16 and its 200 day moving average is $22.73. Nippon Steel has a twelve month low of $20.79 and a twelve month high of $25.22.

About Nippon Steel

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.