Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) Sees Large Growth in Short Interest

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 7,938,200 shares, an increase of 18.7% from the November 15th total of 6,688,500 shares. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is presently 862.8 days.

Nippon Paint Price Performance

Nippon Paint stock remained flat at $3.53 on Friday. The company has a fifty day moving average price of $3.71 and a 200-day moving average price of $3.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.83. Nippon Paint has a twelve month low of $5.91 and a twelve month high of $6.27.

Nippon Paint Company Profile

Nippon Paint Holdings Co, Ltd. engages in the paints and fine chemicals businesses. The company offers automotive coatings, including paints for the automotive body, including surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; trade-use paints for construction sites, including single-family detached homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior construction materials, office equipment, and electric home appliances.