Nipro Co. (OTCMKTS:NPRRF) Sees Significant Drop in Short Interest

Nipro Co. (OTCMKTS:NPRRF) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 49,916 shares, a decline of 61.6% from the May 31st total of 129,972 shares. Based on an average daily volume of 1 shares, the short-interest ratio is presently 49,916.0 days.

Nipro Stock Performance

Shares of NPRRF stock opened at $9.96 on Friday. The business’s 50 day moving average is $9.96 and its two-hundred day moving average is $9.22. Nipro has a 12-month low of $9.67 and a 12-month high of $9.96.

About Nipro

Nipro Corporation, together with its subsidiaries, engages in the medical devices, pharmaceuticals, and pharma packaging businesses. Its Medical Device business develops, manufactures, and sells medical equipment for injection-infusion and dialysis treatment, and products related to diabetes and cell cultures, as well as the sale of artificial organ-related products. The company's Pharmaceutical business provides pharmaceutical combination products, including dual chamber bags, pre-filled syringes, and half-type kits; and contract manufacturing services for orally administered drugs, injectables, and external preparations, as well as logistic and distribution services.