Nippon Steel Co. (OTCMKTS:NPSCY - Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 12,200 shares, a decrease of 64.8% from the September 30th total of 34,700 shares. Based on an average daily volume of 134,600 shares, the days-to-cover ratio is presently 0.1 days.
Nippon Steel Trading Down 1.1 %
Nippon Steel stock traded down $0.07 during trading hours on Friday, reaching $6.48. The stock had a trading volume of 127,309 shares, compared to its average volume of 59,746. The company has a fifty day simple moving average of $7.28 and a 200-day simple moving average of $7.29. Nippon Steel has a 52 week low of $6.40 and a 52 week high of $8.67. The stock has a market cap of $18.70 billion, a PE ratio of 5.24 and a beta of 0.92. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.87 and a quick ratio of 0.96.
Nippon Steel (OTCMKTS:NPSCY - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.32 earnings per share (EPS) for the quarter. Nippon Steel had a return on equity of 9.83% and a net margin of 5.96%. The company had revenue of $14.06 billion for the quarter.
About Nippon Steel
(
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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.
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