Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) Sees Large Decrease in Short Interest

Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 206,252 shares, a drop of 89.6% from the October 15th total of 1,986,220 shares. Based on an average daily volume of 442,457 shares, the short-interest ratio is presently 0.5 days.

Taiyo Yuden Price Performance

TYOYY traded up $1.13 during trading hours on Wednesday, reaching $11.97. 20,734 shares of the company’s stock traded hands, compared to its average volume of 86,300. Taiyo Yuden has a 52-week low of $4.96 and a 52-week high of $35.44. The firm has a 50-day moving average price of $14.66 and a 200 day moving average price of $154.66.

About Taiyo Yuden

Taiyo Yuden Co., Ltd. is a Japan-based manufacturer of electronic components used in communications equipment, automotive systems, industrial machinery, consumer electronics and other devices. The company is best known for its multilayer ceramic capacitors, which help regulate and stabilize electrical circuits. Its product portfolio also includes inductors, ferrite beads, circuit protection components, high-frequency components, filters, wireless modules and related electronic devices. Taiyo Yuden develops components for applications such as smartphones, networking equipment, automobiles, factory automation and energy-related systems.