Koei Tecmo Holdings Co., Ltd. (OTCMKTS:TKHCF) Sees Large Decline in Short Interest

Koei Tecmo Holdings Co., Ltd. (OTCMKTS:TKHCF) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,239,588 shares, a decrease of 39.2% from the April 30th total of 2,040,120 shares. Based on an average daily trading volume, of 8 shares, the days-to-cover ratio is presently 154,948.5 days.

Koei Tecmo Stock Performance

Shares of OTCMKTS TKHCF opened at $10.85 on Wednesday. The stock’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $11.74. Koei Tecmo has a 52-week low of $10.21 and a 52-week high of $11.58.

Koei Tecmo Company Profile

Koei Tecmo Holdings Co, Ltd. is a Japanese video game developer and publisher specializing in interactive entertainment software. The company produces and distributes a diverse range of digital content, including console and PC games, mobile titles, and downloadable expansions. Its operations also encompass licensing of intellectual property for merchandising, animation and other cross-media initiatives.

The modern entity was formed in April 2009 through the merger of two established game studios, Koei Co, Ltd., founded in 1978, and Tecmo Co, Ltd., founded in 1967.