Komatsu Ltd. (OTCMKTS:KBSTF) Sees Large Drop in Short Interest

Komatsu Ltd. (OTCMKTS:KBSTF) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 2,207,100 shares, a drop of 21.7% from the August 31st total of 2,817,500 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Shares of OTCMKTS KBSTF remained flat at $$3.62 during midday trading on Thursday. Komatsu has a 52-week low of $3.40 and a 52-week high of $3.62. The firm has a 50 day moving average price of $3.62.

Separately, Goldman Sachs Group cut shares of Komatsu from a “neutral” rating to a “sell” rating in a research note on Friday, July 31st.

Komatsu Company Profile

Kobe Steel, Ltd. engages in materials, machinery, and electric power businesses in Japan, the Americas, other countries in Asia, and Europe. The company offers iron and steel products, including steel wire rods and bars, steel plates and sheets, steel castings and forgings, titanium, and steel powders.

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