NEC Co. (OTCMKTS:NIPNF – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,029,614 shares, a drop of 49.9% from the June 30th total of 2,054,254 shares. Based on an average daily volume of 24,645 shares, the short-interest ratio is presently 41.8 days. Currently, 0.4% of the shares of the stock are sold short.
NEC Stock Up 5.8%
Shares of NEC stock traded up $1.69 on Thursday, reaching $30.71. The company’s stock had a trading volume of 261 shares, compared to its average volume of 22,111. The company has a market capitalization of $8.00 billion, a P/E ratio of 18.73 and a beta of -0.47. The stock has a 50-day moving average price of $26.04 and a 200-day moving average price of $27.76. NEC has a 52-week low of $21.65 and a 52-week high of $41.00.
About NEC
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.
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