Nippon Steel Co. (OTCMKTS:NISTF) Short Interest Update

Nippon Steel Co. (OTCMKTS:NISTF) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 1,736,800 shares, an increase of 21.1% from the November 30th total of 1,433,900 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 1,736.8 days.

Nippon Steel Price Performance

Shares of OTCMKTS:NISTF remained flat at $18.94 during trading on Tuesday. 6 shares of the stock traded hands, compared to its average volume of 841. Nippon Steel has a 52-week low of $16.98 and a 52-week high of $25.22. The business’s 50-day simple moving average is $20.24 and its two-hundred day simple moving average is $21.09.

Nippon Steel Company Profile

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.