Nippon Steel Co. (OTCMKTS:NPSCY) Sees Significant Drop in Short Interest

Nippon Steel Co. (OTCMKTS:NPSCY - Get Free Report) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 39,100 shares, a decline of 56.5% from the March 31st total of 89,900 shares. Based on an average daily volume of 464,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Nippon Steel Price Performance

Shares of NPSCY traded down $0.18 during mid-day trading on Thursday, hitting $6.95. The company's stock had a trading volume of 102,395 shares, compared to its average volume of 136,615. The firm has a 50-day moving average price of $7.26 and a 200 day moving average price of $6.96. Nippon Steel has a fifty-two week low of $6.11 and a fifty-two week high of $8.00. The stock has a market capitalization of $22.41 billion, a price-to-earnings ratio of 7.09 and a beta of 0.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.93 and a quick ratio of 1.03.

Nippon Steel (OTCMKTS:NPSCY - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter. Nippon Steel had a net margin of 5.34% and a return on equity of 8.17%.

Nippon Steel Company Profile

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.