Nissan Motor Co. (OTCMKTS:NSANY) Short Interest Update

Key Points

• Short interest plunged 69.4% to 2,543 shares as of March 13, leaving a days-to-cover of 0.0 and effectively 0.0% of the company's shares sold short.
• Nissan reported (−$0.27) EPS for the quarter, beating the (−$0.41) estimate but missing revenue slightly, and remains unprofitable with a −7.62% net margin and −5.09% ROE while analyst coverage averages a "Reduce" rating.
• Shares traded up 2.3% to $4.36 midday, with a market cap of about $8.1 billion, a 52-week range of $4.10–$6.06, and a negative trailing P/E of −1.27.

Nissan Motor Co. (OTCMKTS:NSANY - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,543 shares, a drop of 69.4% from the February 26th total of 8,323 shares. Based on an average trading volume of 421,467 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 421,467 shares, the days-to-cover ratio is presently 0.0 days.

Nissan Motor Trading Up 2.3%

NSANY traded up $0.10 during midday trading on Wednesday, reaching $4.36. 37,081 shares of the company's stock traded hands, compared to its average volume of 178,205. Nissan Motor has a 52 week low of $4.10 and a 52 week high of $6.06. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.65 and a quick ratio of 1.42. The firm has a fifty day moving average of $5.06 and a two-hundred day moving average of $4.94. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of -1.27 and a beta of 0.40.

Nissan Motor (OTCMKTS:NSANY - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.67 billion. Nissan Motor had a negative net margin of 7.62% and a negative return on equity of 5.09%. On average, equities analysts anticipate that Nissan Motor will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NSANY has been the subject of a number of analyst reports. Nomura raised Nissan Motor to a "hold" rating in a research note on Friday, February 13th. Wall Street Zen raised shares of Nissan Motor from a "sell" rating to a "hold" rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce".

About Nissan Motor

Nissan Motor Co, Ltd. is a global automotive manufacturer headquartered in Yokohama, Japan, known for the design, development, production and sale of a wide range of vehicles. The company's core business includes passenger cars, crossovers, trucks and commercial vehicles, as well as luxury models sold under its Infiniti brand. Nissan is also a pioneer in electric vehicle technology, having introduced its flagship EV model, the Leaf, which has become one of the world's best-selling electric cars.

In addition to conventional internal combustion engines, Nissan has invested heavily in hybrid and battery-electric powertrains, advanced driver-assistance systems and connected-car technologies.

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