Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF) Sees Large Increase in Short Interest

Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 306,971 shares, a growth of 96.0% from the July 30th total of 156,642 shares. Based on an average trading volume of 163 shares, the short-interest ratio is presently 1,883.3 days.

Nippon Electric Glass Stock Performance

OTCMKTS NPEGF opened at $30.02 on Tuesday. Nippon Electric Glass has a one year low of $30.02 and a one year high of $53.30. The stock’s 50 day simple moving average is $34.31 and its 200 day simple moving average is $38.93.

Nippon Electric Glass Company Profile

Nippon Electric Glass Co, Ltd., headquartered in Ube, Yamaguchi, Japan, is a global manufacturer of specialty glass products. Established in 1944 to support Japan’s burgeoning electronics industry, the company has since diversified its portfolio to serve a broad range of applications, including flat-panel displays, semiconductor packaging, optical communications and medical/pharmaceutical vials. Its product lineup encompasses thin glass substrates for LCD and OLED screens, surface‐treated glass for touch panels, and high-purity tubing for pharmaceutical injectables.

The company operates seven primary business segments: Information Electronics, which focuses on substrates for displays and touch panels; Bio-Pharma, producing glass vials and cartridges; Renewable Energy Materials, supplying glass components for solar cells; Industrial Glass, serving chemical and lighting industries; Optical Fiber, delivering preforms for telecommunications; and Chemical Products, which include specialty glass for advanced industrial processes.