Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) Shares Shorted: Short Interest Down 89.6% in October

Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 206,252 shares, a decrease of 89.6% from the October 15th total of 1,986,220 shares. Based on an average daily trading volume, of 442,457 shares, the days-to-cover ratio is presently 0.5 days.

Taiyo Yuden Price Performance

OTCMKTS:TYOYY traded down $0.50 during trading hours on Friday, hitting $10.73. 44,865 shares of the company traded hands, compared to its average volume of 86,666. The firm’s 50-day simple moving average is $14.56 and its 200-day simple moving average is $153.93. Taiyo Yuden has a one year low of $4.96 and a one year high of $35.44.

Taiyo Yuden Company Profile

Taiyo Yuden Co., Ltd. is a Japan-based manufacturer of electronic components used in communications equipment, automotive systems, industrial machinery, consumer electronics and other devices. The company is best known for its multilayer ceramic capacitors, which help regulate and stabilize electrical circuits. Its product portfolio also includes inductors, ferrite beads, circuit protection components, high-frequency components, filters, wireless modules and related electronic devices. Taiyo Yuden develops components for applications such as smartphones, networking equipment, automobiles, factory automation and energy-related systems.