Short Interest in Otsuka Co. (OTCMKTS:OSUKF) Drops By 20.7%

Otsuka Co. (OTCMKTS:OSUKF) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 356,000 shares, a decline of 20.7% from the August 15th total of 449,200 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Otsuka Stock Performance

Shares of OSUKF opened at $41.90 on Monday. The stock’s 50-day moving average price is $20.95 and its 200-day moving average price is $20.73. Otsuka has a 52 week low of $31.05 and a 52 week high of $44.50.

Otsuka Company Profile

Otsuka Corporation, together with its subsidiaries, operates as an information technology (IT) platformer in Japan. It operates through System Integration Business, and Service and Support Business segments. The System Integration Business segment offers management systems and collaborative software, such as ERP packages and groupware to cover a range of specialized fields, including CAD and web technologies; and software, hardware, intranet, and security products for the construction and expansion of computer networks, as well as intermediary services between manufacturers and system integrators.