Panasonic Holdings Co. (OTCMKTS: PCRFY) Short Interest Drops 60.6% in May

Panasonic Holdings Co. (OTCMKTS: PCRFYGet a rating) was the target of a significant decline in short interest during the month of May. As of May 31, there was short interest totaling 184,800 shares, down 60.6% from the May 15 total of 469,500 shares. Based on an average daily volume of 564,200 shares, the day-to-cover ratio is currently 0.3 days.

OTCMKTS PCRFY on Friday, it was down $0.22 during trading, hitting $8.44. 932,025 shares of the company were traded, compared to its average volume of 240,933. Panasonic has a 12-month low of $8.42 and a 12-month high of $13.66. The company has a debt ratio of 0.39, a current ratio of 1.29 and a quick ratio of 0.90. The company has a 50-day moving average of $9.01 and a 200-day moving average of $10.06.

About Panasonic (Get a rating)

Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells and services various electrical and electronic products worldwide. It operates through Appliances, Life Solutions, Connected Solutions, Automotive and Industrial Solutions segments. The Household Appliances segment offers air conditioners, refrigerators, washing machines, vacuum cleaners, microwave ovens, rice cookers, personal care products, televisions, digital cameras, video equipment, home audio equipment, landline telephones, showcases, compressors and fuel cells.

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