NEC Co. (OTCMKTS:NIPNF – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 1,029,614 shares, a decrease of 49.9% from the June 30th total of 2,054,254 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 24,645 shares, the days-to-cover ratio is currently 41.8 days.
NEC Price Performance
Shares of NEC stock remained flat at $27.25 during trading on Tuesday. The company had a trading volume of 1,650 shares, compared to its average volume of 22,495. NEC has a 12 month low of $21.65 and a 12 month high of $41.00. The stock has a 50-day simple moving average of $25.99 and a 200-day simple moving average of $27.90. The stock has a market cap of $7.10 billion, a PE ratio of 16.62 and a beta of -0.47.
About NEC
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.
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