Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) Sees Large Drop in Short Interest

Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,785 shares, a decrease of 45.0% from the August 31st total of 3,248 shares. Based on an average daily volume of 54,452 shares, the short-interest ratio is presently 0.0 days.

Taiyo Yuden Trading Up 6.5%

Shares of OTCMKTS TYOYY opened at $15.70 on Friday. The firm’s 50-day moving average price is $78.14 and its 200-day moving average price is $199.05. Taiyo Yuden has a 1-year low of $4.96 and a 1-year high of $35.44.

Wall Street Analyst Weigh In

Separately, Morgan Stanley downgraded Taiyo Yuden to an “underweight” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Taiyo Yuden has an average rating of “Reduce”.

About Taiyo Yuden

Taiyo Yuden Co, Ltd. is a Japan-based manufacturer of electronic components used in a wide range of consumer, automotive, communications and industrial equipment. The company is best known for its passive components, particularly multilayer ceramic capacitors, inductors, electromagnetic interference filters and other components that help manage power, signals and electromagnetic noise in electronic devices.

Its product portfolio also includes wireless communication modules, circuit modules and energy-related products, along with electronic materials and components designed for applications such as smartphones, automotive systems, information technology equipment, telecommunications infrastructure and factory automation.