Nippon Steel Co. (OTCMKTS:NPSCY) Sees Significant Increase in Short Interest

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

Nippon Steel Stock Performance

Shares of NPSCY traded up $0.16 during trading hours on Friday, reaching $6.98. 77,032 shares of the company traded hands, compared to its average volume of 141,520. The company has a quick ratio of 1.03, a current ratio of 1.93 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average price of $7.35 and a 200-day moving average price of $6.97. Nippon Steel has a 12-month low of $6.11 and a 12-month high of $8.00. The stock has a market capitalization of $22.50 billion, a P/E ratio of 7.12 and a beta of 0.70.

Nippon Steel (OTCMKTS:NPSCY - Get Free Report) last posted 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.