Short Interest in Kobe Steel, Ltd. (OTCMKTS:KBSTF) Decreases By 19.6%

Kobe Steel, Ltd. (OTCMKTS:KBSTF) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,834,300 shares, a drop of 19.6% from the February 28th total of 3,524,700 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 3,542.9 days.

Kobe Steel Stock Performance

Shares of OTCMKTS KBSTF opened at $13.80 on Wednesday. The business has a 50-day moving average of $11.10 and a 200-day moving average of $10.83. Kobe Steel has a fifty-two week low of $9.65 and a fifty-two week high of $13.80.

Kobe Steel Company Profile

Kobe Steel, Ltd. engages in the materials, machinery, and electric power businesses worldwide. The company offers steel sheet products, including high-tensile strength, hot and cold rolled, electro-galvanized, and hot-dipped galvanized steel sheets; steel wire rods and bars; and aluminum and steel plates.