Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF) Short Interest Up 96.0% in August

Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 306,971 shares, an increase of 96.0% from the July 30th total of 156,642 shares. Based on an average daily volume of 163 shares, the days-to-cover ratio is currently 1,883.3 days.

Nippon Electric Glass Price Performance

NPEGF remained flat at $30.02 during trading on Monday. The business has a fifty day simple moving average of $34.50 and a 200-day simple moving average of $38.99. Nippon Electric Glass has a 1-year low of $30.02 and a 1-year high of $53.30.

About Nippon Electric Glass

Nippon Electric Glass Co, Ltd., headquartered in Ube, Yamaguchi, Japan, is a global manufacturer of specialty glass products. Established in 1944 to support Japan’s burgeoning electronics industry, the company has since diversified its portfolio to serve a broad range of applications, including flat-panel displays, semiconductor packaging, optical communications and medical/pharmaceutical vials. Its product lineup encompasses thin glass substrates for LCD and OLED screens, surface?treated glass for touch panels, and high-purity tubing for pharmaceutical injectables.

The company operates seven primary business segments: Information Electronics, which focuses on substrates for displays and touch panels; Bio-Pharma, producing glass vials and cartridges; Renewable Energy Materials, supplying glass components for solar cells; Industrial Glass, serving chemical and lighting industries; Optical Fiber, delivering preforms for telecommunications; and Chemical Products, which include specialty glass for advanced industrial processes.