Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Up 136.0% in March

Nippon Steel Co. (OTCMKTS:NPSCY) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 89,900 shares, an increase of 136.0% from the March 15th total of 38,100 shares. Based on an average trading volume of 80,300 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are short sold.

Nippon Steel Stock Performance

OTCMKTS NPSCY opened at $6.83 on Wednesday. The business has a 50 day moving average price of $7.38 and a 200 day moving average price of $6.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.93 and a quick ratio of 1.03. The company has a market capitalization of $22.02 billion, a P/E ratio of 6.97 and a beta of 0.70. Nippon Steel has a 1-year low of $6.11 and a 1-year high of $8.00.

Nippon Steel (OTCMKTS:NPSCY) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.25 earnings per share for the quarter. Nippon Steel had a return on equity of 8.17% and a net margin of 5.34%.

Nippon Steel Company Profile

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.