NEC Co. (OTCMKTS:NIPNF – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 861,716 shares, an increase of 96.5% from the April 30th total of 438,433 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 30,418 shares, the days-to-cover ratio is currently 28.3 days.
NEC Stock Performance
Shares of NIPNF stock opened at $28.28 on Tuesday. The stock’s 50 day simple moving average is $26.43 and its 200 day simple moving average is $30.89. NEC has a twelve month low of $23.00 and a twelve month high of $41.00. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 17.24 and a beta of -0.47.
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.
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