Niterra Co., Ltd. (OTCMKTS:NGKSY) Shares Shorted: Short Interest Down 82.3% in September

Niterra Co., Ltd. (OTCMKTS:NGKSY) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 178 shares, a decrease of 82.3% from the August 31st total of 1,006 shares. Based on an average daily volume of 238 shares, the short-interest ratio is currently 0.7 days.

Niterra Price Performance

NGKSY opened at $7.42 on Friday. The business’s 50 day moving average is $27.25 and its 200-day moving average is $25.98. Niterra has a twelve month low of $21.40 and a twelve month high of $32.62.

Niterra Company Profile

Niterra Co, Ltd., formerly known as NGK Spark Plug Co, Ltd., is a Japanese manufacturer of automotive components and advanced ceramics. The company changed its corporate name to Niterra in 2023, reflecting its broader focus beyond spark plugs and its ambition to expand in ceramics and other technology-related fields.

In its automotive business, Niterra develops and manufactures spark plugs, glow plugs, ignition products, sensors and other engine-management components. These products are supplied to vehicle manufacturers and the automotive aftermarket for passenger vehicles, commercial vehicles, motorcycles and other internal-combustion applications.

Niterra also operates a ceramics and technology business that produces specialized ceramic components and related products for industrial, communications, medical and semiconductor-related applications.