Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Up 88.6% in September

Nippon Steel Co. (OTCMKTS:NPSCY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 34,700 shares, a growth of 88.6% from the September 15th total of 18,400 shares. Based on an average daily volume of 162,200 shares, the short-interest ratio is currently 0.2 days.

Nippon Steel Price Performance

Shares of OTCMKTS NPSCY traded up $0.03 during mid-day trading on Friday, reaching $7.09. The company’s stock had a trading volume of 117,034 shares, compared to its average volume of 78,009. The firm has a market capitalization of $21.41 billion, a PE ratio of 6.09 and a beta of 0.92. The stock has a fifty day moving average of $7.39 and a two-hundred day moving average of $7.38. Nippon Steel has a 52 week low of $6.78 and a 52 week high of $8.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.87 and a quick ratio of 0.96.

Nippon Steel (OTCMKTS:NPSCY) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $14.06 billion during the quarter. Nippon Steel had a return on equity of 9.83% and a net margin of 5.96%.

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.