Short Interest in Nippon Steel Co. (OTCMKTS:NPSCY) Decreases By 56.5%

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

Nippon Steel Stock Up 0.3 %

Shares of NPSCY traded up $0.02 during midday trading on Monday, reaching $6.94. 76,052 shares of the company were exchanged, compared to its average volume of 138,619. Nippon Steel has a 1-year low of $6.11 and a 1-year high of $8.00. The stock has a 50-day moving average price of $7.29 and a 200-day moving average price of $6.96. The company has a current ratio of 1.93, a quick ratio of 1.03 and a debt-to-equity ratio of 0.35. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 7.08 and a beta of 0.70.

Nippon Steel (OTCMKTS:NPSCY) last issued its earnings results on Thursday, February 6th. The company reported $0.25 earnings per share for the quarter. 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.