Nissan Chemical Co. (OTCMKTS:NNCHY) Sees Large Increase in Short Interest

Nissan Chemical Co. (OTCMKTS:NNCHY) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 500 shares, an increase of 150.0% from the November 15th total of 200 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 1.0 days.

Nissan Chemical Stock Performance

OTCMKTS NNCHY traded down $0.59 during trading hours on Friday, hitting $30.88. 1,477 shares of the company’s stock traded hands, compared to its average volume of 997. Nissan Chemical has a 52 week low of $24.00 and a 52 week high of $43.74. The firm has a market capitalization of $4.26 billion, a P/E ratio of 16.51 and a beta of 0.04. The company has a current ratio of 2.97, a quick ratio of 1.70 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $34.52 and its two-hundred day moving average price is $32.67.

About Nissan Chemical

Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally. The company provides high purity chemicals; AdBlue, an urea solution; ammonia, sulfuric, and nitric acid, as well as concrete and civil engineering-related products; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; TEPIC-VL, a liquid epoxy compound; TEPIC-FL, a liquid epoxy material; FOLDI-E101, an epoxy reactive diluent; Ecopromote, a nucleating agents for PLA; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; OPTBEADS, a melamine-formaldehyde resin and silica; and FINEOXOCOL, a saturated fatty alcohol and acid.