Tobu Railway Co., Ltd. (OTCMKTS:TBURF) Short Interest Down 57.8% in August

Tobu Railway Co., Ltd. (OTCMKTS:TBURF) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 43,129 shares, a decline of 57.8% from the August 15th total of 102,105 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Tobu Railway Price Performance

Shares of Tobu Railway stock opened at $18.74 on Tuesday. The business has a fifty day simple moving average of $19.92 and a two-hundred day simple moving average of $20.01. Tobu Railway has a 1 year low of $18.74 and a 1 year high of $20.05.

About Tobu Railway

Tobu Railway Co, Ltd. is a Japan-based private railway operator primarily serving the northern suburbs of Tokyo and neighboring prefectures. Established in 1897 and headquartered in Sumida, Tokyo, the company is part of the broader Tobu Group, a conglomerate with diversified interests in transportation, retail, real estate and tourism. Tobu Railway’s core business centers on passenger rail services, operating an extensive network of commuter and intercity lines that link downtown Tokyo with areas in Saitama, Chiba and Tochigi prefectures.

The company’s rail network comprises key routes such as the Tobu Skytree Line, Tojo Line, Isesaki Line and the Nikko Line, which provide both daily commuting services and access to major tourist destinations, including the historic city of Nikko and popular hot-spring resorts in Kinugawa.