Short Interest in Nissan Motor Co. (OTCMKTS:NSANY) Declines By 66.2%

Nissan Motor Co. (OTCMKTS:NSANY) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 27,689 shares, a drop of 66.2% from the April 30th total of 82,003 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 274,145 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Nomura upgraded Nissan Motor to a “hold” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Nissan Motor Trading Down 1.6%

Shares of NSANY stock traded down $0.08 on Friday, hitting $5.00. The company had a trading volume of 118,110 shares, compared to its average volume of 127,161. The firm has a market cap of $9.29 billion, a P/E ratio of -2.50, a P/E/G ratio of 2.40 and a beta of 0.56. The stock’s 50-day moving average is $4.51 and its two-hundred day moving average is $4.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 1.65. Nissan Motor has a twelve month low of $4.05 and a twelve month high of $6.06.

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.