NGK Insulators, Ltd. (OTCMKTS:NGKIF) Sees Large Growth in Short Interest

NGK Insulators, Ltd. (OTCMKTS:NGKIF) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 153,300 shares, an increase of 317.7% from the April 30th total of 36,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 1,533.0 days.

NGK Insulators Stock Performance

NGKIF opened at $13.51 on Friday. NGK Insulators has a 52-week low of $10.90 and a 52-week high of $13.95. The firm’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.95.

NGK Insulators Company Profile

NGK Insulators, Ltd., together with its subsidiaries, manufactures and sells electric power related equipment in Japan, North America, Europe, Asia, and others. The company operates through Environment Business, Digital Society Business, and Energy & Industry Business segments. It offers energy storage systems, including NAS batteries; suspension, long rod, station post, hollow, and pin post insulators, as well as hardware for insulator assemblies, and power equipment comprising bushing; HONEYCERAM, a component for exhaust gas purification; diesel particulate filters that eliminates particulates in the exhaust gas emitted from diesel automobiles; and NOx sensors, which measures NOx concentration in motor vehicle exhaust gas.