NKT A/S (OTCMKTS:NRKBF) Sees Large Increase in Short Interest

NKT A/S (OTCMKTS:NRKBF) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 21,500 shares, a growth of 26.5% from the October 15th total of 17,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 215.0 days.

NKT A/S Stock Performance

NRKBF opened at 95.91 on Friday. The firm has a fifty day moving average price of 95.91 and a 200 day moving average price of 85.12. NKT A/S has a 1 year low of 80.04 and a 1 year high of 95.91.

NKT A/S Company Profile

NKT A/S develops, manufactures, and markets cables, accessories, and solutions in Denmark and internationally. It operates through Solutions, Applications, and Service & Accessories segments. The company offers high voltage cable solutions, including high voltage onshore and offshore cables; medium voltage, dynamic, and universal cables; and low voltage building wires, flexible cables and conduits, control cables, 1 kV cables, and telecom energy cables.