Nichias Co. (OTCMKTS:NICFF) Sees Large Increase in Short Interest

Nichias Co. (OTCMKTS:NICFF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 19,800 shares, an increase of 27.7% from the October 31st total of 15,500 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Nichias Stock Performance

Shares of NICFF remained flat at $22.86 during mid-day trading on Friday. Nichias has a 1 year low of $22.86 and a 1 year high of $22.86. The business’s 50-day moving average price is $22.86 and its two-hundred day moving average price is $22.86.

About Nichias

Nichias Corporation manufactures and sells thermal insulation materials primarily in Japan. It operates in five segments: Construction and Sales for Plants, Industrial Products, High-Performance Products, Auto Parts, and Building Materials. The company offers gaskets and packings, including sheet, semi-metal, metal, and cloth gaskets, pastes and other sealing materials, and gland packings, as well as thermal insulation materials for molten aluminum.