Nippon Carbon Co., Ltd. (OTCMKTS:NCRBF) Sees Large Drop in Short Interest

Nippon Carbon Co., Ltd. (OTCMKTS:NCRBF) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 57,200 shares, a drop of 16.7% from the February 13th total of 68,700 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Nippon Carbon Stock Performance

Shares of OTCMKTS NCRBF remained flat at $30.00 during midday trading on Tuesday. Nippon Carbon has a 52 week low of $29.85 and a 52 week high of $30.00. The firm has a 50-day simple moving average of $30.00 and a 200-day simple moving average of $30.00.

Nippon Carbon Company Profile

Nippon Carbon Co, Ltd. engages in the manufacture and sale of carbon products in Japan, China, and internationally. The company operates through Carbon Products Related, Silicon Carbide Products Related, and Others segments. It offers carbon fiber products, including molded heat insulating materials for high temperature furnaces; CARBORON, a soft felt used in a range of heat insulators for high temperature furnaces; C/C Composite, a lightweight carbon material used in heat resistant composite structural members, high temperature furnace materials, trays, jigs, etc.; and CARBEST, a carbon fiber packing material.