Japan Display Inc. (OTCMKTS:JNNDF) Sees Large Drop in Short Interest

Japan Display Inc. (OTCMKTS:JNNDF) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,891,709 shares, a decline of 60.6% from the April 15th total of 7,344,367 shares. Based on an average daily volume of 8,427 shares, the short-interest ratio is currently 343.1 days.

Japan Display Stock Performance

OTCMKTS:JNNDF remained flat at $0.49 during trading hours on Thursday. The company’s stock had a trading volume of 404 shares, compared to its average volume of 9,109. Japan Display has a one year low of $0.13 and a one year high of $0.81. The stock has a fifty day moving average price of $0.51 and a 200 day moving average price of $0.27.

About Japan Display

Japan Display Inc is a Tokyo-based manufacturer of small- and medium-sized display panels, established in 2012 through the consolidation of the display businesses of Sony Corporation, Toshiba Corporation and Hitachi, Ltd. The company specializes in the design, development and production of thin-film-transistor liquid-crystal displays (TFT-LCDs) and related driver ICs and modules. Since its formation, Japan Display has focused on leveraging its combined expertise to serve rapidly evolving markets that demand high-resolution, low-power and compact display solutions.

The company’s product portfolio includes a wide range of display technologies for smartphones, tablets, wearable devices, digital cameras and other consumer electronics.