NEC Co. (OTCMKTS:NIPNF – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,054,254 shares, an increase of 136.3% from the June 15th total of 869,460 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 88,463 shares, the days-to-cover ratio is currently 23.2 days.
NEC Price Performance
OTCMKTS:NIPNF remained flat at $26.70 during trading hours on Wednesday. The company’s stock had a trading volume of 1,270 shares, compared to its average volume of 24,147. The company’s 50 day moving average is $25.89 and its 200 day moving average is $28.36. NEC has a 52 week low of $21.65 and a 52 week high of $41.00. The firm has a market cap of $6.95 billion, a PE ratio of 16.28 and a beta of -0.47.
NEC Company Profile
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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