NEC Co. (OTCMKTS:NIPNF) Sees Large Drop in Short Interest

NEC Co. (OTCMKTS:NIPNF) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 197,600 shares, a drop of 24.4% from the August 15th total of 261,300 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 1,976.0 days.

NEC Price Performance

Shares of NEC stock remained flat at $85.69 during trading on Friday. The stock had a trading volume of 10 shares, compared to its average volume of 283. The business’s fifty day moving average is $82.52 and its two-hundred day moving average is $76.06. NEC has a fifty-two week low of $49.71 and a fifty-two week high of $88.42.

About NEC

NEC Corporation provides information and communication technology solutions in Japan and internationally. It operates through five segments: Public Solutions Business, Public Infrastructure Business, Enterprise Business, Network Services Business, and Global Business. It provides systems integration services, including systems implementation and consulting; maintenance and support services; outsourcing and cloud services; and system equipment.