Short Interest in Kobe Steel, Ltd. (OTCMKTS:KBSTF) Rises By 135.2%

Kobe Steel, Ltd. (OTCMKTS:KBSTF) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 2,309,600 shares, an increase of 135.2% from the June 15th total of 982,100 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 23,096.0 days.

Kobe Steel Price Performance

Shares of KBSTF stock opened at $12.50 on Friday. Kobe Steel has a fifty-two week low of $9.42 and a fifty-two week high of $14.45. The stock’s fifty day moving average price is $12.48 and its two-hundred day moving average price is $13.01.

About Kobe Steel

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.