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

Nipro Co. (OTCMKTS:NPRRF) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 129,972 shares, a decrease of 61.6% from the May 14th total of 338,790 shares. Based on an average daily volume of 4 shares, the days-to-cover ratio is presently 32,493.0 days.

Nipro Price Performance

Nipro stock remained flat at $9.96 during trading on Friday. Nipro has a fifty-two week low of $9.67 and a fifty-two week high of $9.96. The business’s 50 day simple moving average is $9.96 and its two-hundred day simple moving average is $9.10.

Nipro Company Profile

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.