NGK Insulators, Ltd. (OTCMKTS:NGKIF) Short Interest Down 70.5% in April

NGK Insulators, Ltd. (OTCMKTS:NGKIF – Get Rating) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 88,000 shares, a drop of 70.5% from the April 15th total of 298,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 880.0 days.

Shares of NGK Insulators stock traded up $0.50 during trading on Friday, hitting $14.10. 600 shares of the stock traded hands, compared to its average volume of 558. NGK Insulators has a twelve month low of $13.60 and a twelve month high of $19.10. The company has a fifty day moving average price of $14.11 and a two-hundred day moving average price of $15.83.

About NGK Insulators (Get Rating)

NGK Insulators, Ltd., together with its subsidiaries, manufactures and sells electric power related equipment in Japan and internationally. It operates through Energy Infrastructure Business, Ceramic Products Business, Electronics Business, and Process Technology Business segments. The company offers insulators, NAS, and zinc rechargeable batteries; HONEYCERAM, a ceramic substrate for automotive catalytic converters; energy-efficient products, including diesel particulate filters and gasoline particulate filters; and NOx sensors, which measures nitrogen oxide concentration in automobile exhaust.

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