Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Down 31.5% in March

Nippon Steel Co. (OTCMKTS:NPSCY) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 38,100 shares, a decrease of 31.5% from the February 28th total of 55,600 shares. Based on an average daily trading volume, of 124,500 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Nippon Steel Stock Performance

OTCMKTS NPSCY traded down $0.19 during trading on Tuesday, hitting $7.21. 95,475 shares of the company’s stock traded hands, compared to its average volume of 126,562. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 7.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.93. The business has a 50 day moving average of $7.42 and a 200-day moving average of $7.04. Nippon Steel has a 12-month low of $6.11 and a 12-month high of $8.40.

Nippon Steel (OTCMKTS:NPSCY) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.25 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.