Kobe Steel, Ltd. (OTCMKTS:KBSTF) Sees Large Decline in Short Interest

Kobe Steel, Ltd. (OTCMKTS:KBSTFGet Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 755,800 shares, a decrease of 20.0% from the April 30th total of 945,300 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 7,558.0 days.

Kobe Steel Price Performance

Shares of OTCMKTS:KBSTF remained flat at $12.18 during mid-day trading on Friday. Kobe Steel has a 1 year low of $9.38 and a 1 year high of $14.45. The company’s 50 day moving average price is $12.85 and its 200 day moving average price is $12.82.

Kobe Steel Company Profile

(Get Free Report)

Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses worldwide. The company offers steel sheet products, including high-tensile strength, hot and cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates.

Featured Articles

Receive News & Ratings for Kobe Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kobe Steel and related companies with MarketBeat.com's FREE daily email newsletter.