Nippon Shinyaku Co., Ltd. (OTCMKTS:NPNKF – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 375,212 shares, an increase of 63.2% from the July 15th total of 229,961 shares. Based on an average trading volume of 117 shares, the days-to-cover ratio is presently 3,206.9 days.
Nippon Shinyaku Stock Performance
NPNKF stock remained flat at $23.50 during midday trading on Tuesday. The company’s stock had a trading volume of 500 shares, compared to its average volume of 700. Nippon Shinyaku has a 12-month low of $23.10 and a 12-month high of $32.00. The firm has a 50 day moving average price of $24.79 and a 200 day moving average price of $30.62.
Nippon Shinyaku Company Profile
Nippon Shinyaku Co, Ltd. operates as a research-driven pharmaceutical company headquartered in Kyoto, Japan. It specializes in the discovery, development, manufacture and marketing of therapeutic drugs across multiple therapeutic areas, including urology, hematology, oncology and internal medicine. The company’s business model integrates in-house research capabilities with strategic collaborations to bring novel small-molecule and biologic products to market.
Established in 1909 by entrepreneur Yorisuke Tsuji, Nippon Shinyaku has evolved from a domestic manufacturer into a global healthcare enterprise.
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