Nihon Kohden Co. (OTCMKTS:NHNKY) Short Interest Up 720.0% in May

Nihon Kohden Co. (OTCMKTS:NHNKY – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 4,100 shares, an increase of 720.0% from the April 30th total of 500 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 3.7 days.

Nihon Kohden Price Performance

Shares of NHNKY stock traded down $0.20 during mid-day trading on Friday, hitting $13.70. 2,024 shares of the stock traded hands, compared to its average volume of 2,196. The stock has a market cap of $2.42 billion, a P/E ratio of 11.65 and a beta of -0.14. The stock’s fifty day moving average is $13.82 and its two-hundred day moving average is $12.77. Nihon Kohden has a 52-week low of $9.95 and a 52-week high of $14.56.

About Nihon Kohden

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Nihon Kohden Corp. engages in the medical electronic equipment business. Its products include electrocardiograph, electroencephalograph, evoked potential/EMG, sleep diagnostic, patient monitoring, hematology, hemostasis, ventilation products, and others. The company was founded by Yoshio Ogino on August 7, 1951 and is headquartered in Tokyo, Japan.