Short Interest in NEC Co. (OTCMKTS:NIPNF) Expands By 136.3%

NEC Co. (OTCMKTS:NIPNF) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,054,254 shares, an increase of 136.3% from the June 15th total of 869,460 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 88,463 shares, the days-to-cover ratio is presently 23.2 days.

NEC Trading Down 0.7%

OTCMKTS:NIPNF traded down $0.19 during trading hours on Tuesday, hitting $26.70. The stock had a trading volume of 1,270 shares, compared to its average volume of 24,147. The company has a market cap of $6.95 billion, a PE ratio of 16.28 and a beta of -0.47. The business has a 50 day simple moving average of $25.90 and a two-hundred day simple moving average of $28.42. 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.