Short Interest in Nippon Shinyaku Co., Ltd. (OTCMKTS:NPNKF) Rises By 63.2%

Nippon Shinyaku Co., Ltd. (OTCMKTS:NPNKFGet Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 375,212 shares, a growth of 63.2% from the July 15th total of 229,961 shares. Based on an average daily trading volume, of 117 shares, the days-to-cover ratio is currently 3,206.9 days.

Nippon Shinyaku Price Performance

Shares of OTCMKTS NPNKF traded down $0.24 during mid-day trading on Monday, hitting $23.50. The company had a trading volume of 500 shares, compared to its average volume of 700. The firm has a 50-day simple moving average of $24.95 and a two-hundred day simple moving average of $30.72. Nippon Shinyaku has a one year low of $23.10 and a one year high of $32.00.

About Nippon Shinyaku

(Get Free Report)

Nippon Shinyaku Co, Ltd. operates as a research-driven pharmaceutical company headquartered in Kyoto, Japan. It specializes in the discovery, development, manufacture and marketing of therapeutic drugs across multiple therapeutic areas, including urology, hematology, oncology and internal medicine. The company’s business model integrates in-house research capabilities with strategic collaborations to bring novel small-molecule and biologic products to market.

Established in 1909 by entrepreneur Yorisuke Tsuji, Nippon Shinyaku has evolved from a domestic manufacturer into a global healthcare enterprise.

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