Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF) Sees Large Increase in Short Interest

Nippon Electric Glass Co., Ltd. (OTCMKTS:NPEGF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 575,596 shares, a growth of 87.5% from the August 15th total of 306,971 shares. Based on an average daily volume of 9 shares, the short-interest ratio is currently 63,955.1 days.

Nippon Electric Glass Stock Performance

Shares of OTCMKTS:NPEGF opened at $30.02 on Friday. The business has a 50 day moving average price of $31.85 and a 200 day moving average price of $38.14. Nippon Electric Glass has a twelve month low of $30.02 and a twelve month high of $53.30.

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.