Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) Short Interest Up 24.8% in October

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 6,429,400 shares, an increase of 24.8% from the October 15th total of 5,152,000 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Nippon Paint Price Performance

NPCPF stock remained flat at $3.50 during trading on Friday. Nippon Paint has a 1-year low of $5.91 and a 1-year high of $6.27. The company’s fifty day moving average is $3.64 and its two-hundred day moving average is $3.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.44 and a current ratio of 1.81.

Analysts Set New Price Targets

Separately, Citigroup upgraded Nippon Paint to a “hold” rating in a report on Friday, August 16th.

Nippon Paint Company Profile

Nippon Paint Holdings Co, Ltd. engages in the paints and fine chemicals businesses. The company offers automotive coatings, including paints for the automotive body, including surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; trade-use paints for construction sites, including single-family detached homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior construction materials, office equipment, and electric home appliances.