NEC Co. (OTCMKTS:NIPNF – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 869,460 shares, a growth of 244.0% from the May 31st total of 252,720 shares. Based on an average daily volume of 16,331 shares, the days-to-cover ratio is presently 53.2 days. Approximately 0.3% of the shares of the stock are sold short.
NEC Trading Up 1.1%
Shares of OTCMKTS:NIPNF opened at $24.08 on Friday. The stock has a market capitalization of $6.27 billion, a PE ratio of 14.68 and a beta of -0.47. The firm has a 50 day moving average of $26.37 and a 200-day moving average of $29.21. NEC has a 12 month low of $21.65 and a 12 month high of $41.00.
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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