SCSK Co. (OTCMKTS:SCSKF) Sees Large Decline in Short Interest

SCSK Co. (OTCMKTS:SCSKF) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 478,400 shares, a drop of 17.8% from the October 15th total of 582,100 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 341.7 days.

SCSK Stock Performance

OTCMKTS:SCSKF remained flat at $22.37 during mid-day trading on Friday. SCSK has a 12-month low of $20.41 and a 12-month high of $22.37. The firm has a 50 day moving average of $22.24 and a two-hundred day moving average of $19.38.

SCSK Company Profile

SCSK Corporation provides information technology (IT) services in Japan and internationally. It operates through six segments: Industrial IT Business, Financial IT Business, IT Business Solutions, IT Platform Solutions, IT Management Service, and Others. The Industrial IT Business segment offers various IT solutions comprising core systems, manufacturing management systems, information management systems, supply chain management systems, customer relationship management systems, e-commerce systems, and other systems for manufacturing, communication, and energy industries.