Nippon Carbon Co., Ltd. (OTCMKTS:NCRBF) Shares Shorted: Short Interest Down 50.0% in September

Nippon Carbon Co., Ltd. (OTCMKTS:NCRBF) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 3,285 shares, a decline of 50.0% from the September 15th total of 6,564 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Nippon Carbon Trading Up 20.8%

Shares of NCRBF stock traded up $5.67 during trading hours on Wednesday, hitting $32.92. The company had a trading volume of 100 shares, compared to its average volume of 433. Nippon Carbon has a 12 month low of $27.25 and a 12 month high of $32.92. The firm’s fifty day moving average is $27.38 and its 200 day moving average is $28.49.

Nippon Carbon Company Profile

Nippon Carbon Co, Ltd. is a Japanese manufacturer of carbon and related advanced materials. The company develops and produces graphite electrodes and other carbon products used in industrial applications, including electric-furnace steelmaking and high-temperature processing.

Its product portfolio also includes carbon fibers and ceramic fibers, such as silicon carbide fibers, which are used in applications requiring high strength, heat resistance, and lightweight performance. These materials serve industries including aerospace, energy, transportation, industrial equipment, and other specialized manufacturing markets.

Founded in Japan in 1915, Nippon Carbon has expanded its business beyond the domestic market through international customers and applications.