Short Interest in Nissan Motor Co., Ltd. (OTCMKTS:NSANY) Drops By 22.7%

Nissan Motor Co., Ltd. (OTCMKTS:NSANY) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 523,100 shares, a decrease of 22.7% from the November 15th total of 676,700 shares. Based on an average daily volume of 932,300 shares, the days-to-cover ratio is presently 0.6 days.

Nissan Motor Stock Performance

OTCMKTS:NSANY traded down $0.04 during mid-day trading on Friday, hitting $4.66. 300,797 shares of the stock were exchanged, compared to its average volume of 269,462. The firm’s 50-day simple moving average is $5.20 and its 200 day simple moving average is $5.91. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 0.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.56 and a current ratio of 1.87. Nissan Motor has a fifty-two week low of $4.65 and a fifty-two week high of $8.79.

Analyst Ratings Changes

A number of analysts have commented on NSANY shares. Bank of America lowered shares of Nissan Motor from a “buy” rating to an “underperform” rating in a research note on Tuesday, September 17th. Nomura lowered shares of Nissan Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, November 27th.

About Nissan Motor

Nissan Motor Co, Ltd. manufactures and sells vehicles and automotive parts worldwide. It sells vehicles under the Nissan and Infiniti brands. The company offers vehicle and vehicle parts; engines, manual transmissions, and multiplier/reducer units; automotive parts; axles; and other related components.