Ushio Inc. (OTCMKTS:UHOIF) Sees Large Drop in Short Interest

Ushio Inc. (OTCMKTS:UHOIF) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 472,700 shares, a decline of 42.1% from the September 15th total of 816,400 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 787.8 days.

Ushio Stock Performance

Shares of UHOIF stock opened at $14.23 on Friday. Ushio has a 12 month low of $11.86 and a 12 month high of $14.25. The company’s fifty day moving average price is $13.37 and its two-hundred day moving average price is $12.90.

About Ushio

Ushio, Inc engages in the business of light source devices. It operates through the following segments: Light Sources, Equipment and Others. The Light Sources segment manufactures and sells halogen and discharge lamps. The Equipment segment manufactures and sells imaging and optical equipment. The Others segment involves in the plastic forming applications, peripheral machinery, factory automation systems, and others.