Posted by admin on Apr 18th, 2022
Kobe Steel, Ltd. (OTCMKTS:KBSTF – Get Rating) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,950,800 shares, an increase of 30.7% from the March 15th total of 1,492,300 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 1,500.6 days.
Shares of OTCMKTS KBSTF opened at $4.75 on Monday. The company’s 50-day simple moving average is $4.94 and its 200-day simple moving average is $5.27. Kobe Steel has a 52-week low of $4.00 and a 52-week high of $8.04.
About Kobe Steel (Get Rating)
Kobe Steel, Ltd. engages in the manufacture, production, and sale of iron and steel. It operates through the following segments: Iron and Steel, Welding, Aluminum and Copper, Machinery, Engineering, Construction Machinery, Power, and Other Businesses. The Iron and Steel Business segment includes steel wire rods and bars, steel sheets, steel billets, steel castings and forgings, titanium and titanium alloys, foundry pig iron, slag products, stainless steel tube, construction materials, and other specialty steel products.
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