Nissan Motor Co., Ltd. (OTCMKTS:NSANY) Short Interest Down 65.5% in October

Nissan Motor Co., Ltd. (OTCMKTS:NSANY - Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 160,800 shares, a drop of 65.5% from the September 30th total of 465,500 shares. Based on an average trading volume of 560,100 shares, the days-to-cover ratio is presently 0.3 days.

Nissan Motor Stock Performance

Nissan Motor stock remained flat at $5.25 during midday trading on Friday. 392,392 shares of the company traded hands, compared to its average volume of 226,892. Nissan Motor has a one year low of $5.20 and a one year high of $8.79. The stock has a market capitalization of $9.75 billion, a P/E ratio of 4.23, a PEG ratio of 0.25 and a beta of 1.00. The stock has a 50-day moving average of $5.67 and a two-hundred day moving average of $6.47. The company has a quick ratio of 1.56, a current ratio of 1.86 and a debt-to-equity ratio of 0.83.

Nissan Motor (OTCMKTS:NSANY - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.10 earnings per share (EPS) for the quarter. Nissan Motor had a net margin of 2.78% and a return on equity of 6.52%. The firm had revenue of $19.23 billion during the quarter. As a group, equities research analysts predict that Nissan Motor will post 0.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Bank of America lowered Nissan Motor from a "buy" rating to an "underperform" rating in a report on Tuesday, September 17th.

Nissan Motor Company Profile

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.