Daihen Corp (OTCMKTS:DAIPF) Sees Significant Growth in Short Interest

Daihen Corp (OTCMKTS:DAIPF) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 141,200 shares, an increase of 10.4% from the October 31st total of 127,900 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Daihen Price Performance

Shares of Daihen stock remained flat at C$51.55 during midday trading on Monday. The business has a 50 day moving average price of C$51.55 and a 200 day moving average price of C$45.59. Daihen has a 12 month low of C$51.55 and a 12 month high of C$51.55.

About Daihen

DAIHEN Corporation manufactures and sells transformers, welding machines, and industrial and clean transport robots. The company operates through Power Equipment Business, Welding & Mechatronics Business, Semiconductor-related Equipment Business, and Others segments. It offers transformers, power distribution equipment, power distribution equipment, solar inverters, and others; and welding/cutting machines, such as CO2/MAG, TIG, MIG, DC/AC, plasma welding and cutting, submerged arc, and resistance welding machines, as well as welding and cutting torches, peripheral devices for welding, thermal spray machines, and welding accessories.