Short Interest in Kobe Steel, Ltd. (OTCMKTS:KBSTF) Drops By 16.5%

Kobe Steel, Ltd. (OTCMKTS:KBSTFGet Free Report) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 2,282,700 shares, a drop of 16.5% from the March 31st total of 2,732,600 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 22,827.0 days.

Kobe Steel Stock Performance

Shares of KBSTF stock opened at $13.80 on Friday. Kobe Steel has a fifty-two week low of $9.65 and a fifty-two week high of $13.80. The stock’s 50-day simple moving average is $12.95 and its 200-day simple moving average is $11.09.

About Kobe Steel

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Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses worldwide. The company offers steel sheet products, including high-tensile strength, hot and cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates.

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