Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) Short Interest Update

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 6,429,400 shares, a growth of 24.8% from the October 15th total of 5,152,000 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Nippon Paint to a “hold” rating in a research report on Friday, August 16th.

Nippon Paint Price Performance

Shares of NPCPF stock remained flat at $3.50 during trading on Friday. Nippon Paint has a one year low of $5.91 and a one year high of $6.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.81 and a quick ratio of 1.44. The business’s 50 day moving average is $3.64 and its 200 day moving average is $3.65.

About Nippon Paint

Nippon Paint Holdings Co, Ltd. engages in the paints and fine chemicals businesses. The company offers automotive coatings, including paints for the automotive body, including surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; trade-use paints for construction sites, including single-family detached homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior construction materials, office equipment, and electric home appliances.