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Nissan Chemical Co. (OTCMKTS:NNCHY) Sees Significant Decrease in Short Interest

Nissan Chemical logo with Basic Materials background

Nissan Chemical Co. (OTCMKTS:NNCHY - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, a drop of 71.4% from the March 31st total of 700 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Nissan Chemical Price Performance

OTCMKTS:NNCHY traded down $0.26 during trading hours on Friday, reaching $31.24. 1,027 shares of the company's stock were exchanged, compared to its average volume of 1,258. Nissan Chemical has a 12 month low of $24.00 and a 12 month high of $39.54. The business's 50-day simple moving average is $29.55 and its two-hundred day simple moving average is $31.40. The company has a market capitalization of $4.27 billion, a P/E ratio of 14.87 and a beta of -0.05. The company has a quick ratio of 1.70, a current ratio of 2.43 and a debt-to-equity ratio of 0.05.

Nissan Chemical (OTCMKTS:NNCHY - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.54 earnings per share for the quarter. Nissan Chemical had a return on equity of 18.80% and a net margin of 17.75%.

About Nissan Chemical

(Get Free Report)

Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally. The company provides high purity chemicals; AdBlue, an urea solution; ammonia, sulfuric, and nitric acid, as well as concrete and civil engineering-related products; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; TEPIC-VL, a liquid epoxy compound; TEPIC-FL, a liquid epoxy material; FOLDI-E101, an epoxy reactive diluent; Ecopromote, a nucleating agents for PLA; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; OPTBEADS, a melamine-formaldehyde resin and silica; and FINEOXOCOL, a saturated fatty alcohol and acid.

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