Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) Sees Significant Growth in Short Interest

Key Points

• Nippon Paint Holdings Co., Ltd. experienced a 65.4% increase in short interest, reaching a total of 6,654,500 shares as of August 15th.
• The company's recent earnings report showed an EPS of $0.15 and revenue of $3.09 billion for the quarter ending August 8th.
• Nippon Paint's stock price is currently around $3.58, with a market cap of approximately $8.49 billion and a 52-week trading range between $7.63 and $8.12.

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 6,654,500 shares, anincreaseof65.4% from the July 31st total of 4,022,600 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Nippon Paint Price Performance

Shares of Nippon Paint stock traded up $0.23 during trading on Friday, hitting $3.58. 416 shares of the stock traded hands. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 19.33 and a beta of 1.19. Nippon Paint has a 52 week low of $7.63 and a 52 week high of $8.12. The firm's fifty day moving average is $4.28 and its 200-day moving average is $4.05. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 0.41.

Nippon Paint (OTCMKTS:NPCPF - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.15 EPS for the quarter. Nippon Paint had a return on equity of 9.74% and a net margin of 8.90%.The company had revenue of $3.09 billion during the quarter.

About Nippon Paint

Nippon Paint Holdings Co, Ltd. engages in the paints and fine chemicals businesses. The company offers automotive coatings, including paints for the automotive body, including surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; trade-use paints for construction sites, including single-family detached homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior construction materials, office equipment, and electric home appliances.

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