JEOL Ltd. (OTCMKTS:JELLF) Sees Large Increase in Short Interest

JEOL Ltd. (OTCMKTS:JELLF) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 165,361 shares, an increase of 479.4% from the May 14th total of 28,540 shares. Based on an average daily trading volume, of 13 shares, the days-to-cover ratio is currently 12,720.1 days.

JEOL Stock Performance

Shares of JELLF stock remained flat at $37.00 during mid-day trading on Wednesday. JEOL has a twelve month low of $28.98 and a twelve month high of $37.53. The business’s 50-day moving average price is $37.00 and its 200-day moving average price is $35.69.

About JEOL

JEOL Ltd. engages in the research, development, manufacture, and marketing of scientific and metrology instruments, semiconductor and industrial equipment, and medical equipment worldwide. The company operates through three segments: Scientific and Measuring Instruments Business, Industrial Equipment Business, and the Medical Equipment Business. It provides transmission electron microscopes; scanning electron microscopes; nuclear resonance and mass spectrometer; x-ray fluorescence spectrometer; electron diffractometer; ion beam application equipment, including specimen preparation equipment and multibeam systems; instruments for microarea and surface analysis, such as electron probe micro analyzers, auger microprobes, and photoelectron spectrometers; magnetic resonance equipment, such as nuclear magnetic resonance and electron spin resonance spectrometers; electron beam lithography systems; electron microscope for semiconductors; and clinical chemistry analyzers.