Nippon Steel Co. (OTCMKTS:NISTF) Short Interest Up 16.0% in October

Nippon Steel Co. (OTCMKTS:NISTF) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,508,800 shares, an increase of 16.0% from the October 15th total of 1,300,900 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 838.2 days.

Nippon Steel Price Performance

Shares of NISTF remained flat at $20.40 during trading hours on Friday. 30 shares of the stock were exchanged, compared to its average volume of 606. Nippon Steel has a 1-year low of $19.10 and a 1-year high of $25.22. The firm has a 50-day moving average of $21.16 and a 200 day moving average of $21.34.

About Nippon Steel

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.