Kobe Steel, Ltd. (OTCMKTS:KBSTF) Short Interest Down 19.6% in March

Kobe Steel, Ltd. (OTCMKTS:KBSTF) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,834,300 shares, a drop of 19.6% from the February 28th total of 3,524,700 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 3,542.9 days.

Kobe Steel Stock Performance

KBSTF opened at $13.80 on Wednesday. The firm’s fifty day moving average price is $11.10 and its two-hundred day moving average price is $10.83. Kobe Steel has a fifty-two week low of $9.65 and a fifty-two week high of $13.80.

About Kobe Steel

Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses worldwide. The company offers steel sheet products, including high-tensile strength, hot and cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates.