Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel Co. (OTCMKTS:NPSCY) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 38,100 shares, a decline of 31.5% from the February 28th total of 55,600 shares. Based on an average daily volume of 124,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Nippon Steel Trading Down 4.8 %

Shares of OTCMKTS:NPSCY traded down $0.37 on Friday, hitting $7.40. The company had a trading volume of 28,520 shares, compared to its average volume of 127,311. The firm’s 50-day simple moving average is $7.40 and its two-hundred day simple moving average is $7.03. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 7.55 and a beta of 0.80. The company has a quick ratio of 1.03, a current ratio of 1.93 and a debt-to-equity ratio of 0.35. Nippon Steel has a 1 year low of $6.11 and a 1 year high of $8.40.

Nippon Steel (OTCMKTS:NPSCY) last issued its quarterly earnings data 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.