Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF) Short Interest Down 60.9% in May

Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 213,196 shares, a decline of 60.9% from the May 14th total of 545,905 shares. Based on an average daily trading volume, of 11,732 shares, the days-to-cover ratio is presently 18.2 days.

Nippon Electric Glass Trading Up 1.1%

Nippon Electric Glass stock traded up $0.42 during mid-day trading on Friday, hitting $37.28. The company’s stock had a trading volume of 880 shares, compared to its average volume of 4,785. Nippon Electric Glass has a twelve month low of $23.97 and a twelve month high of $53.30. The stock’s fifty day moving average price is $43.22 and its two-hundred day moving average price is $39.90.

Nippon Electric Glass Company Profile

Nippon Electric Glass Co, Ltd., headquartered in Ube, Yamaguchi, Japan, is a global manufacturer of specialty glass products. Established in 1944 to support Japan’s burgeoning electronics industry, the company has since diversified its portfolio to serve a broad range of applications, including flat-panel displays, semiconductor packaging, optical communications and medical/pharmaceutical vials. Its product lineup encompasses thin glass substrates for LCD and OLED screens, surface‐treated glass for touch panels, and high-purity tubing for pharmaceutical injectables.

The company operates seven primary business segments: Information Electronics, which focuses on substrates for displays and touch panels; Bio-Pharma, producing glass vials and cartridges; Renewable Energy Materials, supplying glass components for solar cells; Industrial Glass, serving chemical and lighting industries; Optical Fiber, delivering preforms for telecommunications; and Chemical Products, which include specialty glass for advanced industrial processes.