Nippon Shinyaku Co., Ltd. (OTCMKTS:NPNKF) Short Interest Down 47.1% in October

Nippon Shinyaku Co., Ltd. (OTCMKTS:NPNKF) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 48,800 shares, a drop of 47.1% from the October 15th total of 92,200 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 69.7 days.

Nippon Shinyaku Price Performance

NPNKF stock remained flat at $41.82 during midday trading on Friday. The company has a 50 day simple moving average of $42.37 and a two-hundred day simple moving average of $42.01. Nippon Shinyaku has a fifty-two week low of $55.55 and a fifty-two week high of $56.45.

Nippon Shinyaku Company Profile

Nippon Shinyaku Co, Ltd. manufactures and sells pharmaceuticals and foodstuffs in Japan and internationally. The company operates through Pharmaceuticals and Functional Food Business segments. Its Pharmaceuticals Business segment offers drugs in the fields of urology, hematology, intractable and rare diseases, gynecology, and other diseases.