Short Interest in Nissan Motor Co. (OTCMKTS:NSANY) Increases By 53.0%

Key Points

• Short interest in Nissan rose by 53.0% in April to 22,504 shares, but shorted stock still represents 0.0% of shares outstanding and the days-to-cover is just 0.1 due to high average daily volume.
• Shares were up 8.0% (opened at $4.75) and Nissan has a market cap of $8.82 billion; the company beat quarterly EPS estimates with ($0.27) but remains unprofitable (negative net margin) and analysts expect about -1.64 EPS for the year with a consensus "Hold" rating.

Nissan Motor Co. (OTCMKTS:NSANY - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 22,504 shares, a growth of 53.0% from the March 31st total of 14,708 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 396,442 shares, the days-to-cover ratio is presently 0.1 days.

Nissan Motor Trading Up 8.0%

Shares of NSANY stock opened at $4.75 on Tuesday. The business has a 50-day moving average of $4.72 and a 200 day moving average of $4.86. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.65 and a quick ratio of 1.42. Nissan Motor has a 1-year low of $4.05 and a 1-year high of $6.06. The stock has a market capitalization of $8.82 billion, a PE ratio of -1.38, a P/E/G ratio of 0.76 and a beta of 0.49.

Nissan Motor (OTCMKTS:NSANY - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. The business 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%. As a group, sell-side analysts anticipate that Nissan Motor will post -1.64 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on NSANY shares. Wall Street Zen upgraded shares of Nissan Motor from a "sell" rating to a "hold" rating in a research report on Wednesday, January 7th. Nomura upgraded shares of Nissan Motor to a "hold" rating in a report on Friday, February 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

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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