Short Interest in Daihen Corp (OTCMKTS:DAIPF) Declines By 54.8%
by Renee Jackson · The Cerbat GemDaihen Corp (OTCMKTS:DAIPF – Get Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 66,284 shares, a drop of 54.8% from the June 15th total of 146,732 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.
Daihen Price Performance
Daihen stock remained flat at C$118.34 during midday trading on Tuesday. Daihen has a 12-month low of C$51.55 and a 12-month high of C$118.40. The company’s 50 day moving average price is C$113.00 and its 200-day moving average price is C$73.19.
About Daihen
Daihen Corporation is a Japan‐based industrial technology company specializing in welding and cutting systems, industrial robots and power distribution equipment. Founded in 1919 and headquartered in Osaka, the company has built a reputation for delivering advanced automation and energy solutions to manufacturers and utilities worldwide. Daihen’s offerings span from manual welding machines to fully integrated production lines, reflecting over a century of engineering expertise.
In the welding and cutting segment, Daihen designs and manufactures a wide range of products including arc welding power sources, laser welding and cutting systems, and programmable welding machines.