Could Ossen Innovation CO LTD. – American Depositary S (NASDAQ:OSN) See a Reversal After Less Sellers Came In?

June 5, 2018 - By Vivian Currie

The stock of Ossen Innovation CO LTD. – American Depositary S (NASDAQ:OSN) registered a decrease of 8.97% in short interest. OSN’s total short interest was 75,100 shares in June as published by FINRA. Its down 8.97% from 82,500 shares, reported previously. With 68,700 shares average volume, it will take short sellers 1 days to cover their OSN’s short positions. The short interest to Ossen Innovation CO LTD. – American Depositary S’s float is 3.07%.

It closed at $2.7 lastly. It is down 31.21% since June 5, 2017 and is uptrending. It has outperformed by 18.64% the S&P500.

Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the PeopleÂ’s Republic of China. The company has market cap of $17.81 million. It offers plain surface products, including plain surface prestressed concrete strands that are used as precast concrete plates on the riding surface of bridges; and unbonded plain surface PC strands for the construction of bridges and buildings. It has a 3.38 P/E ratio. The firm also provides plain surface PC wires and indented PC wires, which are used in the construction of buildings; helical rib PC wires for the construction of railway ties or sleepers, and buildings; and coated prestressed products comprising zinc coated PC products and rare earth coated PC products.

More news for Ossen Innovation Co., Ltd. (NASDAQ:OSN) were recently published by: Prnewswire.com, which released: “Ossen Innovation Announces Termination of Share Exchange Agreement with America-Asia Diabetes Research …” on May 08, 2018. Seekingalpha.com‘s article titled: “Ossen Innovation After Canceling The Reverse Merger” and published on May 17, 2018 is yet another important article.

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