Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Short Interest Down 36.4% in August

Key Points

• Nissan Chemical Corporation experienced a significant decline in short interest, dropping by 36.4% in August, with total short interest at 700 shares as of August 31st.
• The company's stock opened at $34.04 and has a market capitalization of $4.66 billion, with a PE ratio of 15.26.
• In its latest earnings report, Nissan Chemical reported earnings of $0.71 per share and revenue of $483.65 million for the quarter ending August 8th.

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY - Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 700 shares, a decline of 36.4% from the August 15th total of 1,100 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the company's stock are sold short.

Nissan Chemical Stock Performance

NNCHY stock traded down $1.80 on Friday, hitting $37.70. The company's stock had a trading volume of 281 shares, compared to its average volume of 221. The firm has a 50 day moving average of $35.36 and a two-hundred day moving average of $31.98. Nissan Chemical has a 1 year low of $24.00 and a 1 year high of $39.57. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 16.91 and a beta of -0.08. The company has a current ratio of 2.58, a quick ratio of 1.63 and a debt-to-equity ratio of 0.05.

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

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.