Otsuka Co. (OTCMKTS:OSUKF) Sees Significant Decrease in Short Interest

Otsuka Co. (OTCMKTS:OSUKF) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 31,500 shares, a drop of 69.7% from the February 13th total of 104,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 315.0 days.

Otsuka Stock Performance

OTCMKTS:OSUKF remained flat at $23.04 during trading hours on Thursday. Otsuka has a 12 month low of $23.04 and a 12 month high of $44.50. The firm has a fifty day simple moving average of $21.41 and a 200-day simple moving average of $21.55.

About Otsuka

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.