Kobe Steel, Ltd. (OTCMKTS:KBSTF) Short Interest Up 49.9% in June

Kobe Steel, Ltd. (OTCMKTS:KBSTF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 982,100 shares, an increase of 49.9% from the May 31st total of 655,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 9,821.0 days.

Kobe Steel Stock Up 4.7 %

Shares of KBSTF stock opened at $12.75 on Monday. The company has a 50-day moving average of $12.61 and a two-hundred day moving average of $12.97. Kobe Steel has a 1-year low of $9.38 and a 1-year high of $14.45.

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.