Short Interest in Nichias Co. (OTCMKTS:NICFF) Declines By 54.2%

Nichias Co. (OTCMKTS:NICFF – Get Rating) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,200 shares, a decline of 54.2% from the April 30th total of 4,800 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Nichias Price Performance

NICFF stock remained flat at $22.90 during trading on Friday. The stock’s 50 day moving average is $22.90 and its 200 day moving average is $22.90. Nichias has a 52 week low of $22.90 and a 52 week high of $22.90.

About Nichias

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Nichias Corporation manufactures and sells thermal insulation materials primarily in Japan. It operates in five segments: Energy and Industrial Plants, Industrial Products, Advanced Products, Autoparts, and Building Materials. The company offers gaskets and packings, including non-asbestos gaskets and packings, rubber type gaskets, other seal products, and peripheral function materials; and thermal insulation materials, such as fiber products, high performance thermal insulation materials, heat-insulation boards, and cryogenic insulation materials, as well as thermal insulation materials for molten aluminum.