Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Short Interest Up 5,666.7% in May

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 346 shares, an increase of 5,666.7% from the April 30th total of 6 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 119 shares, the days-to-cover ratio is currently 2.9 days.

Nissan Chemical Stock Performance

OTCMKTS:NNCHY remained flat at $48.86 during trading hours on Wednesday. 181 shares of the company’s stock traded hands, compared to its average volume of 128. The firm has a 50 day moving average price of $41.71 and a 200 day moving average price of $38.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 2.72. The stock has a market cap of $6.59 billion, a P/E ratio of 19.70 and a beta of -0.02. Nissan Chemical has a 1 year low of $26.65 and a 1 year high of $49.63.

About Nissan Chemical

Nissan Chemical Corporation, traded over the counter in the U.S. under the ticker OTCMKTS:NNCHY, is a Japanese specialty chemical company with roots dating back to the late 19th century. Originating in 1887 as Tsurumi Chemical Works, the company was established by Jokichi Takamine following his isolation of adrenaline. Over the decades, Nissan Chemical has evolved into a diversified group that leverages its long-standing expertise in organic chemistry and materials science.

The company operates through multiple business segments, including performance materials, life science products and agrochemicals.