Daihen Corp (OTCMKTS:DAIPF) Sees Significant Increase in Short Interest

Daihen Corp (OTCMKTS:DAIPF) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 127,900 shares, an increase of 11.0% from the October 15th total of 115,200 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Daihen Stock Performance

Shares of DAIPF stock remained flat at C$51.55 on Friday. Daihen has a 1-year low of C$51.55 and a 1-year high of C$51.55. The business’s 50 day moving average price is C$51.55 and its two-hundred day moving average price is C$44.07.

About Daihen

DAIHEN Corporation manufactures and sells transformers, welding machines, and industrial and clean transport robots. The company operates through Power Equipment Business, Welding & Mechatronics Business, Semiconductor-related Equipment Business, and Others segments. It offers transformers, power distribution equipment, power distribution equipment, solar inverters, and others; and welding/cutting machines, such as CO2/MAG, TIG, MIG, DC/AC, plasma welding and cutting, submerged arc, and resistance welding machines, as well as welding and cutting torches, peripheral devices for welding, thermal spray machines, and welding accessories.