Nippon Steel Co. (OTCMKTS:NPSCY - Get Free Report) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 28,300 shares, a drop of 84.8% from the November 30th total of 185,900 shares. Based on an average daily volume of 302,100 shares, the days-to-cover ratio is presently 0.1 days.
Nippon Steel Price Performance
NPSCY traded up $0.08 during trading hours on Thursday, hitting $6.52. The company's stock had a trading volume of 183,448 shares, compared to its average volume of 76,432. Nippon Steel has a 12 month low of $6.11 and a 12 month high of $8.67. The company has a current ratio of 1.97, a quick ratio of 1.03 and a debt-to-equity ratio of 0.35. The business's 50-day moving average price is $6.68 and its 200-day moving average price is $7.07. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of 6.33 and a beta of 0.93.
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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