Otsuka Co. (OTCMKTS:OSUKF – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 694,393 shares, a drop of 39.9% from the August 15th total of 1,155,521 shares. Based on an average daily trading volume, of 2 shares, the days-to-cover ratio is presently 347,196.5 days.
Otsuka Stock Performance
Shares of Otsuka stock remained flat at $20.00 during mid-day trading on Thursday. The company has a fifty day simple moving average of $20.11 and a 200-day simple moving average of $20.52. Otsuka has a one year low of $19.00 and a one year high of $21.57.
About Otsuka
Otsuka Holdings Co, Ltd., traded as OSUKF on the OTC Market, is a global healthcare group headquartered in Tokyo, Japan. The company operates through its principal subsidiary, Otsuka Pharmaceutical Co, Ltd., and is primarily engaged in the research, development and commercialization of pharmaceutical products and nutraceuticals. Its product portfolio spans central nervous system therapies, cardiovascular and metabolic treatments, nephrology, and oncology, alongside a range of consumer wellness goods such as nutritional beverages and dietary supplements.
The origins of the Otsuka group date back to 1921 with the founding of its predecessor firm, and in 2008 the current holding company structure was established to streamline governance and strategic direction.
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