Kobe Steel, Ltd. (OTCMKTS:KBSTF) Brief Interest Update

Kobe Steel, Ltd. (OTCMKTS:KBSTF – Get Rating) was the target of a significant drop in short-term interest rates in April. As of April 30, there was short interest totaling 480,100 shares, down 76.7% from the April 15 total of 2,057,500 shares. Based on an average daily volume of 100 shares, the short interest ratio is currently 4,801.0 days.

KBSTF shares opened at $5.08 on Friday. The stock’s fifty-day simple moving average is $4.83 and its 200-day simple moving average is $5.10. Kobe Steel has a 1-year low of $4.00 and a 1-year high of $8.04.

Kobe Steel Company Profile (Get a rating)

Kobe Steel, Ltd. operates in the materials, machinery and electric power sectors in Japan, North and South America, Europe, the Middle East, the rest of Asia and Oceania. The Company offers steel sheet products, including high tensile, hot-rolled, cold-rolled, electro-galvanized and hot-dip galvanized steel sheets; wire rods and steel bars; and aluminum and steel plates.

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