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

Nissan Chemical Co. (OTCMKTS:NNCHY - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 200 shares, a decline 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 presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Nissan Chemical Price Performance

NNCHY stock traded up $4.25 during mid-day trading on Thursday, hitting $31.50. The company had a trading volume of 254 shares, compared to its average volume of 1,263. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 15.00 and a beta of -0.05. Nissan Chemical has a 12-month low of $24.00 and a 12-month high of $39.54. The company has a quick ratio of 1.70, a current ratio of 2.43 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $29.55 and a 200 day moving average price of $31.40.

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

About Nissan Chemical

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.