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

NEC Co. (OTCMKTS:NIPNF) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 151,800 shares, a drop of 26.8% from the March 31st total of 207,400 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 759.0 days.

NEC Price Performance

Shares of NIPNF traded down $1.98 during mid-day trading on Friday, reaching $70.02. 310 shares of the company were exchanged, compared to its average volume of 183. The business has a 50 day simple moving average of $69.86 and a two-hundred day simple moving average of $60.61. NEC has a 52 week low of $40.08 and a 52 week high of $77.01.

About NEC

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.