Short Interest in Kobe Steel, Ltd. (OTCMKTS:KBSTF) Declines By 8.6%

Kobe Steel, Ltd. (OTCMKTS:KBSTF) was the recipient of a significant decline in short interest in August. As of August 15th, there was short interest totalling 1,228,200 shares, a decline of 8.6% from the July 31st total of 1,343,400 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Kobe Steel Price Performance

Kobe Steel stock remained flat at $12.50 during midday trading on Friday. Kobe Steel has a 1 year low of $9.42 and a 1 year high of $14.45. The business’s fifty day moving average is $12.54 and its two-hundred day moving average is $12.87.

About Kobe Steel

Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses worldwide. The company offers steel sheet products, including high-tensile strength, hot and cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates.