Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) Sees Large Increase in Short Interest

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 6,429,400 shares, an increase of 24.8% from the October 15th total of 5,152,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Analysts Set New Price Targets

Separately, Citigroup upgraded Nippon Paint to a “hold” rating in a report on Friday, August 16th.

Nippon Paint Trading Down 14.4 %

Shares of NPCPF stock traded down $0.59 during trading hours on Friday, reaching $3.50. 1,145 shares of the company’s stock were exchanged. The stock’s fifty day moving average price is $3.62 and its two-hundred day moving average price is $3.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.81 and a quick ratio of 1.44. Nippon Paint has a 1 year low of $5.91 and a 1 year high of $6.27.

About Nippon Paint

Nippon Paint Holdings Co, Ltd. engages in the paints and fine chemicals businesses. The company offers automotive coatings, including paints for the automotive body, including surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; trade-use paints for construction sites, including single-family detached homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior construction materials, office equipment, and electric home appliances.