Nippon Carbon Co., Ltd. (OTCMKTS:NCRBF) Short Interest Down 56.7% in May

Nippon Carbon Co., Ltd. (OTCMKTS:NCRBF) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,866 shares, a decline of 56.7% from the April 30th total of 8,930 shares. Based on an average trading volume of 1 shares, the days-to-cover ratio is presently 3,866.0 days.

Nippon Carbon Stock Performance

Nippon Carbon stock remained flat at $29.93 during trading hours on Tuesday. The business’s fifty day simple moving average is $30.29 and its 200 day simple moving average is $29.56. Nippon Carbon has a one year low of $28.36 and a one year high of $31.84.

About Nippon Carbon

Nippon Carbon Co, Ltd. is a Japan-based industrial materials company specializing in carbon and graphite products. The company’s core operations encompass the development, manufacturing, and sale of specialty carbon materials used across a broad range of industries, including steel, automotive, electronics, and energy storage.

The firm’s product lineup features graphite electrodes for electric arc furnace steelmaking, carbon black and thermal management materials for electronic devices and automotive components, and advanced carbon fibers and composite materials for aerospace and industrial applications.