Niterra Co., Ltd. (OTCMKTS:NGKSY) Sees Large Increase in Short Interest

Niterra Co., Ltd. (OTCMKTS:NGKSY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 848 shares, an increase of 1,061.6% from the July 30th total of 73 shares. Based on an average daily volume of 167 shares, the days-to-cover ratio is currently 5.1 days.

Niterra Price Performance

Shares of NGKSY remained flat at $32.62 during trading hours on Tuesday. 10 shares of the stock were exchanged, compared to its average volume of 1,255. Niterra has a 1-year low of $21.40 and a 1-year high of $32.62. The firm has a 50-day moving average of $28.91 and a 200 day moving average of $26.25.

Niterra Company Profile

Niterra, formerly known as NGK SPARK PLUG Co, Ltd., is a Japan-based manufacturer specializing in advanced ceramic technologies and automotive components. The company’s core product lines include spark plugs, ceramic substrates, oxygen sensors and other precision components designed to optimize engine performance and reduce emissions. In addition to traditional ignition products, Niterra produces substrates for catalytic converters, diesel particulate filters and a growing range of fuel-cell and hydrogen-related components.

Beyond its automotive focus, Niterra’s ceramics business supplies materials for industrial applications such as semiconductor manufacturing, electronics and environmental systems.