NEC Co. (OTCMKTS:NIPNF) Sees Significant Growth in Short Interest

NEC Co. (OTCMKTS:NIPNF) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 66,600 shares, an increase of 25.0% from the February 28th total of 53,300 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 222.0 days. Currently, 0.0% of the company’s stock are sold short.

NEC Price Performance

OTCMKTS:NIPNF remained flat at $21.21 during mid-day trading on Tuesday. The stock’s 50 day simple moving average is $91.46 and its 200-day simple moving average is $87.18. NEC has a 12-month low of $62.77 and a 12-month high of $106.05.

NEC Company Profile

NEC Corporation provides information and communication technology solutions in Japan and internationally. It operates through five segments: Public Solutions Business, Public Infrastructure Business, Enterprise Business, Network Services Business, and Global Business. It provides systems integration services, including systems implementation and consulting; maintenance and support services; outsourcing and cloud services; and system equipment.