Short Interest in NEC Co. (OTCMKTS:NIPNF) Expands By 136.3%

NEC Co. (OTCMKTS:NIPNF) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,054,254 shares, an increase of 136.3% from the June 15th total of 869,460 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 88,463 shares, the days-to-cover ratio is currently 23.2 days.

NEC Stock Performance

Shares of NIPNF stock traded down $0.19 during mid-day trading on Tuesday, reaching $26.70. 1,270 shares of the company were exchanged, compared to its average volume of 24,147. NEC has a fifty-two week low of $21.65 and a fifty-two week high of $41.00. The company has a market capitalization of $6.95 billion, a P/E ratio of 16.28 and a beta of -0.47. The business’s 50 day simple moving average is $25.90 and its 200 day simple moving average is $28.42.

NEC Company Profile

NEC Corporation, traded as NIPNF on the OTC Markets, is a Tokyo-based multinational technology company founded in 1899 as Nippon Electric Company. Over more than a century of operations, NEC has established itself as a leading provider of information and communications technology (ICT) solutions for both public and private sector clients.

The company’s core business activities span network infrastructure, enterprise IT systems, and software integration. NEC delivers end-to-end solutions in areas such as telecommunications networks, data center platforms, and cybersecurity services.