NEC Co. (OTCMKTS:NIPNF) Short Interest Update

NEC Co. (OTCMKTS:NIPNF) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,029,614 shares, a decline of 49.9% from the June 30th total of 2,054,254 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 24,645 shares, the days-to-cover ratio is presently 41.8 days.

NEC Stock Performance

Shares of NEC stock traded up $1.77 during trading hours on Wednesday, hitting $29.02. The company’s stock had a trading volume of 248 shares, compared to its average volume of 22,301. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 17.70 and a beta of -0.47. The firm has a fifty day moving average of $25.98 and a 200-day moving average of $27.83. NEC has a twelve month low of $21.65 and a twelve month high of $41.00.

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.