Koito Manufacturing Co., Ltd. (OTCMKTS:KOTMY) Sees Significant Growth in Short Interest
by Amy Steele · The Cerbat GemKoito Manufacturing Co., Ltd. (OTCMKTS:KOTMY – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 376 shares, an increase of 332.2% from the April 30th total of 87 shares. Based on an average daily trading volume, of 739 shares, the days-to-cover ratio is presently 0.5 days.
Koito Manufacturing Stock Performance
Koito Manufacturing stock remained flat at $17.50 during trading hours on Friday. 37 shares of the company’s stock traded hands, compared to its average volume of 847. The company’s fifty day moving average is $16.06 and its two-hundred day moving average is $15.63. Koito Manufacturing has a 1 year low of $11.73 and a 1 year high of $18.34.
About Koito Manufacturing
Koito Manufacturing Co, Ltd. is a Japan‐based company specializing in the design, development and manufacture of automotive lighting systems. The company’s core offerings include exterior lighting products such as headlamps (halogen, high‐intensity discharge and LED), rear combination lamps and signal lamps, as well as interior lighting modules and electronic control units for a wide range of passenger vehicles and commercial vehicles.
Founded in 1915 and headquartered in Tokyo, Koito has leveraged more than a century of expertise in optics, electronics and production engineering to serve leading automotive original equipment manufacturers.