Tobu Railway Co., Ltd. (OTCMKTS:TBURF) Sees Large Decline in Short Interest

Tobu Railway Co., Ltd. (OTCMKTS:TBURF) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 173,700 shares, a decline of 15.5% from the February 13th total of 205,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1,737.0 days.

Tobu Railway Stock Performance

Shares of OTCMKTS:TBURF opened at $16.27 on Thursday. The firm’s 50 day moving average price is $16.27 and its 200-day moving average price is $16.88. Tobu Railway has a twelve month low of $16.26 and a twelve month high of $16.27.

About Tobu Railway

Tobu Railway Co, Ltd. engages in the transportation business in Japan. It operates through five segments: Transportation Business, Leisure Business, Real Estate Business, Distribution Business, and Other Business. The company is involved in the general transportation business by railroad, tramway, and cableway, as well as car transportation business.