NEC Co. (OTCMKTS:NIPNF – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 869,460 shares, an increase of 244.0% from the May 31st total of 252,720 shares. Based on an average trading volume of 16,331 shares, the days-to-cover ratio is currently 53.2 days. Approximately 0.3% of the company’s shares are sold short.
NEC Stock Performance
Shares of OTCMKTS:NIPNF opened at $24.08 on Friday. NEC has a 52 week low of $21.65 and a 52 week high of $41.00. The firm has a market cap of $6.27 billion, a PE ratio of 14.68 and a beta of -0.47. The firm’s fifty day moving average is $26.37 and its 200-day moving average is $29.21.
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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