Koito Manufacturing Co., Ltd. (OTCMKTS:KOTMY) Stock Short Interest Drops 58.0%

Koito Manufacturing Co., Ltd. (OTCMKTS:KOTMY) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 89 shares, a decline of 58.0% from the August 31st total of 212 shares. Based on an average daily trading volume, of 1,598 shares, the short-interest ratio is presently 0.1 days.

Koito Manufacturing Price Performance

Shares of OTCMKTS KOTMY remained flat at $16.50 during trading on Tuesday. The stock had a trading volume of 30 shares, compared to its average volume of 912. The company’s 50-day moving average is $16.23 and its two-hundred day moving average is $16.19. Koito Manufacturing has a fifty-two week low of $13.70 and a fifty-two week high of $18.34.

Koito Manufacturing Company Profile

Koito Manufacturing Co, Ltd. is a Japan-based manufacturer of automotive lighting equipment and related systems. The company develops and produces headlamps, rear combination lamps, fog lamps, signal lamps and other exterior lighting products for passenger vehicles, commercial vehicles and other transportation applications.

Koito’s product portfolio includes LED lighting, adaptive driving beam systems and other technologies designed to improve visibility, safety and vehicle styling. The company also develops lighting-control systems and components that support advanced driver-assistance and vehicle electrification trends.

Founded in Japan in 1915, Koito Manufacturing serves automakers and transportation customers through operations and subsidiaries in Japan and international markets, including North America, Europe and Asia.