Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Up 485.3% in May

Nippon Steel Co. (OTCMKTS:NPSCY - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 43,900 shares, an increase of 485.3% from the May 15th total of 7,500 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 355,700 shares, the days-to-cover ratio is currently 0.1 days.

Nippon Steel Stock Down 1.2%

Shares of OTCMKTS NPSCY traded down $0.08 during trading hours on Friday, hitting $6.53. The stock had a trading volume of 105,428 shares, compared to its average volume of 141,591. The firm's 50-day moving average price is $6.73 and its two-hundred day moving average price is $6.95. Nippon Steel has a 52 week low of $6.11 and a 52 week high of $8.00. The company has a market capitalization of $21.05 billion, a P/E ratio of 6.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.93.

Nippon Steel (OTCMKTS:NPSCY - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The business had revenue of $14.78 billion during the quarter, compared to the consensus estimate of $14.19 billion. Nippon Steel had a return on equity of 8.17% and a net margin of 5.34%.

About Nippon Steel

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.