Niterra Co., Ltd. (OTCMKTS:NGKSY) Shares Shorted: Short Interest Down 82.3% in September

Niterra Co., Ltd. (OTCMKTS:NGKSY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 178 shares, a drop of 82.3% from the August 31st total of 1,006 shares. Based on an average daily trading volume, of 238 shares, the days-to-cover ratio is presently 0.7 days.

Niterra Price Performance

NGKSY stock remained flat at $7.42 on Friday. The company had a trading volume of 57 shares, compared to its average volume of 1,047. The company has a fifty day moving average of $26.81 and a two-hundred day moving average of $25.85. Niterra has a 52-week low of $21.40 and a 52-week high of $32.62.

Niterra Company Profile

Niterra Co, Ltd., formerly known as NGK Spark Plug Co, Ltd., is a Japanese manufacturer of automotive components and advanced ceramics. The company changed its corporate name to Niterra in 2023, reflecting its broader focus beyond spark plugs and its ambition to expand in ceramics and other technology-related fields.

In its automotive business, Niterra develops and manufactures spark plugs, glow plugs, ignition products, sensors and other engine-management components. These products are supplied to vehicle manufacturers and the automotive aftermarket for passenger vehicles, commercial vehicles, motorcycles and other internal-combustion applications.

Niterra also operates a ceramics and technology business that produces specialized ceramic components and related products for industrial, communications, medical and semiconductor-related applications.