Nissan Chemical Co. (OTCMKTS:NNCHY) Sees Significant Decline in Short Interest

Nissan Chemical Co. (OTCMKTS:NNCHY) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 600 shares, a decline of 14.3% from the February 13th total of 700 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Nissan Chemical Price Performance

NNCHY opened at $31.17 on Thursday. The company has a fifty day moving average price of $30.24 and a two-hundred day moving average price of $32.42. The firm has a market capitalization of $4.30 billion, a PE ratio of 14.84 and a beta of 0.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.70 and a current ratio of 2.43. Nissan Chemical has a 52 week low of $24.00 and a 52 week high of $42.08.

Nissan Chemical (OTCMKTS:NNCHY) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.54 earnings per share (EPS) for the quarter. Nissan Chemical had a return on equity of 18.80% and a net margin of 17.75%.

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.