SCSK Co. (OTCMKTS:SCSKF) Sees Significant Decrease in Short Interest

SCSK Co. (OTCMKTS:SCSKF) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 478,400 shares, a drop of 17.8% from the October 15th total of 582,100 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is presently 341.7 days.

SCSK Stock Performance

SCSK stock remained flat at $22.37 during midday trading on Friday. SCSK has a fifty-two week low of $20.41 and a fifty-two week high of $22.37. The business has a fifty day simple moving average of $22.15 and a two-hundred day simple moving average of $19.35.

SCSK Company Profile

SCSK Corporation provides information technology (IT) services in Japan and internationally. It operates through six segments: Industrial IT Business, Financial IT Business, IT Business Solutions, IT Platform Solutions, IT Management Service, and Others. The Industrial IT Business segment offers various IT solutions comprising core systems, manufacturing management systems, information management systems, supply chain management systems, customer relationship management systems, e-commerce systems, and other systems for manufacturing, communication, and energy industries.