Short Interest in NGK Insulators, Ltd. (OTCMKTS:NGKIF) Drops By 33.4% - Defense World

Posted by Defense World Staff on Mar 13th, 2024

NGK Insulators, Ltd. (OTCMKTS:NGKIF – Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 29th, there was short interest totalling 61,900 shares, a drop of 33.4% from the February 14th total of 92,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 619.0 days. digital winding machine

OTCMKTS:NGKIF opened at $13.10 on Wednesday. The business has a 50 day moving average of $12.00 and a 200 day moving average of $12.36. NGK Insulators has a 1-year low of $11.42 and a 1-year high of $13.28.

NGK Insulators, Ltd., together with its subsidiaries, manufactures and sells electric power related equipment in Japan, North America, Europe, Asia, and others. The company operates through Environment Business, Digital Society Business, and Energy & Industry Business segments. It offers energy storage systems, including NAS batteries; suspension, long rod, station post, hollow, and pin post insulators, as well as hardware for insulator assemblies, and power equipment comprising bushing; HONEYCERAM, a component for exhaust gas purification; diesel particulate filters that eliminates particulates in the exhaust gas emitted from diesel automobiles; and NOx sensors, which measures NOx concentration in motor vehicle exhaust gas.

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