Nippon Steel Co. (OTCMKTS:NPSCY) Sees Large Decrease in Short Interest

Nippon Steel Co. (OTCMKTS:NPSCY) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 38,100 shares, a drop of 31.5% from the February 28th total of 55,600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 124,500 shares, the days-to-cover ratio is presently 0.3 days.

Nippon Steel Price Performance

OTCMKTS:NPSCY traded down $0.19 during mid-day trading on Tuesday, hitting $7.21. 95,475 shares of the stock traded hands, compared to its average volume of 126,562. Nippon Steel has a 12-month low of $6.11 and a 12-month high of $8.40. The company has a quick ratio of 1.03, a current ratio of 1.93 and a debt-to-equity ratio of 0.35. The company has a market cap of $23.25 billion, a PE ratio of 7.36 and a beta of 0.80. The business’s 50-day moving average price is $7.42 and its 200 day moving average price is $7.04.

Nippon Steel (OTCMKTS:NPSCY) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.25 EPS for the quarter. Nippon Steel had a net margin of 5.34% and a return on equity of 8.17%.

About Nippon Steel

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.