NKT A/S (OTCMKTS:NRKBF) Sees Significant Drop in Short Interest

NKT A/S (OTCMKTS:NRKBF) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 33,000 shares, a drop of 30.2% from the January 31st total of 47,300 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

NKT A/S Stock Performance

OTCMKTS NRKBF remained flat at $78.05 on Tuesday. NKT A/S has a one year low of $78.05 and a one year high of $95.91. The company’s fifty day moving average is $78.05 and its 200-day moving average is $86.69.

About NKT A/S

NKT A/S develops, manufactures, and markets cables, accessories, and solutions in Denmark and internationally. It operates through Solutions, Applications, and Service & Accessories segments. The company offers high voltage cable solutions, including high voltage onshore and offshore cables; medium voltage, dynamic, and universal cables; and low voltage building wires, flexible cables and conduits, control cables, 1 kV cables, and telecom energy cables.