Short Interest in Nichias Co. (OTCMKTS:NICFF) Declines By 27.3%

Nichias Co. (OTCMKTS:NICFF) was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 14,400 shares, a drop of 27.3% from the November 15th total of 19,800 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Nichias Price Performance

Shares of OTCMKTS NICFF remained flat at $22.86 during midday trading on Friday. Nichias has a one year low of $22.86 and a one year high of $22.86. The stock’s 50 day moving average is $22.86 and its two-hundred day moving average is $22.86.

About Nichias

Nichias Corporation manufactures and sells thermal insulation materials primarily in Japan. It operates in five segments: Construction and Sales for Plants, Industrial Products, High-Performance Products, Auto Parts, and Building Materials. The company offers gaskets and packings, including sheet, semi-metal, metal, and cloth gaskets, pastes and other sealing materials, and gland packings, as well as thermal insulation materials for molten aluminum.