Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Sees Large Growth in Short Interest

Key Points

• Nissan Chemical Corporation's short interest grew by 57.1% in August, reaching a total of 1,100 shares as of August 15th, with a short-interest ratio of 2.8 days.
• The company reported $0.71 earnings per share for the latest quarter, with revenues of $483.65 million and a net margin of 17.30%.
• Nissan Chemical's stock price recently traded at $38.61, reflecting a market capitalization of $5.28 billion and highlighting its significant growth potential.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 1,100 shares, a growth of 57.1% from the July 31st total of 700 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 2.8 days. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 2.8 days.

Nissan Chemical Price Performance

OTCMKTS NNCHY remained flat at $34.04 during trading hours on Friday. 177 shares of the company were exchanged, compared to its average volume of 225. The firm has a 50-day simple moving average of $34.87 and a 200 day simple moving average of $31.68. The company has a market cap of $4.66 billion, a PE ratio of 15.26 and a beta of -0.08. Nissan Chemical has a 1-year low of $24.00 and a 1-year high of $39.57. The company has a quick ratio of 1.63, a current ratio of 2.58 and a debt-to-equity ratio of 0.05.

Nissan Chemical (OTCMKTS:NNCHY - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.71 EPS for the quarter. The company had revenue of $483.65 million during the quarter. Nissan Chemical had a net margin of 17.30% and a return on equity of 18.88%.

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.