NEC Co. (OTCMKTS:NIPNF) Short Interest Up 96.5% in May

NEC Co. (OTCMKTS:NIPNF) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 861,716 shares, a growth of 96.5% from the April 30th total of 438,433 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,418 shares, the short-interest ratio is currently 28.3 days.

NEC Trading Down 1.6%

Shares of OTCMKTS:NIPNF opened at $27.84 on Wednesday. The firm has a 50 day moving average of $26.43 and a 200-day moving average of $30.89. The stock has a market capitalization of $7.25 billion, a PE ratio of 16.97 and a beta of -0.47. NEC has a 12 month low of $23.00 and a 12 month high of $41.00.

NEC Company Profile

NEC Corporation, traded as NIPNF on the OTC Markets, is a Tokyo-based multinational technology company founded in 1899 as Nippon Electric Company. Over more than a century of operations, NEC has established itself as a leading provider of information and communications technology (ICT) solutions for both public and private sector clients.

The company’s core business activities span network infrastructure, enterprise IT systems, and software integration. NEC delivers end-to-end solutions in areas such as telecommunications networks, data center platforms, and cybersecurity services.