Could PANASONIC CORPORATION ORDINARY SHARES (OTCMKTS:PCRFF) Go Down After Its Newest Short Interest Report?

August 9, 2018 - By Vernon Prom

Panasonic Corporation (OTCMKTS:PCRFF) Logo

The stock of PANASONIC CORPORATION ORDINARY SHARES (OTCMKTS:PCRFF) registered a decrease of 3.8% in short interest. PCRFF’s total short interest was 2.16M shares in August as published by FINRA. Its down 3.8% from 2.25M shares, reported previously. With 3,100 shares average volume, it will take short sellers 698 days to cover their PCRFF’s short positions. The short interest to PANASONIC CORPORATION ORDINARY SHARES’s float is 0.1%.

The stock increased 0.59% or $0.075 during the last trading session, reaching $12.885. About 300 shares traded. Panasonic Corporation (OTCMKTS:PCRFF) has 0.00% since August 9, 2017 and is . It has underperformed by 12.57% the S&P500.

Panasonic Corporation, together with its subsidiaries, develops, produces, sells, and services electrical and electronic products under the Panasonic brand name worldwide. The company has market cap of $29.94 billion. It operates through Appliances, Eco Solutions, Connected Solutions, Automotive & Industrial Systems, and Other divisions. It has a 14.02 P/E ratio. The Appliances segment offers air conditioners, TVs, refrigerators, washing machines, personal care products, microwave ovens, digital cameras, home audio equipment, video equipment, fixed-phones, vacuum cleaners, rice cookers, show cases, compressors, fuel cells, etc.

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