Monex Group, Inc. (OTCMKTS:MNXBF) Sees Significant Drop in Short Interest

Monex Group, Inc. (OTCMKTS:MNXBF) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,099,829 shares, a decline of 45.1% from the August 31st total of 2,003,536 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Monex Group Price Performance

Shares of Monex Group stock remained flat at $4.16 during midday trading on Wednesday. The business has a 50 day moving average price of $4.11 and a 200 day moving average price of $4.20. Monex Group has a 12 month low of $3.85 and a 12 month high of $5.61.

About Monex Group

Monex Group, Inc is a Japan-based financial services holding company that provides online investment and trading services to individual and institutional customers. Through its subsidiaries, the group offers access to domestic and international stocks, exchange-traded funds, investment trusts, bonds, foreign exchange and other financial products.

Its principal businesses include online securities brokerage, foreign-exchange trading, cryptocurrency services and asset management. Key group companies include Monex Securities, which serves investors in Japan; TradeStation, a U.S.-based electronic brokerage and trading-technology provider; and Coincheck, a Japanese cryptocurrency exchange and digital-asset services company.

Monex traces its origins to the growth of internet-based brokerage in Japan during the late 1990s and has expanded its operations through acquisitions and partnerships in Japan, the United States and other international markets.