NEC Co. (OTCMKTS:NIPNF – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,054,254 shares, a growth of 136.3% from the June 15th total of 869,460 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 88,463 shares, the days-to-cover ratio is currently 23.2 days.
NEC Stock Performance
Shares of NIPNF stock traded up $0.64 during mid-day trading on Thursday, reaching $27.02. The company’s stock had a trading volume of 553 shares, compared to its average volume of 23,711. The firm’s 50-day moving average is $25.89 and its two-hundred day moving average is $28.30. The company has a market cap of $7.04 billion, a P/E ratio of 16.48 and a beta of -0.47. NEC has a 1-year low of $21.65 and a 1-year 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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