Short Interest in Nippon Steel Co. (OTCMKTS:NPSCY) Grows By 136.0%

Nippon Steel Co. (OTCMKTS:NPSCY) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 89,900 shares, an increase of 136.0% from the March 15th total of 38,100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 80,300 shares, the short-interest ratio is currently 1.1 days.

Nippon Steel Price Performance

Nippon Steel stock opened at $6.98 on Friday. The stock has a fifty day moving average of $7.35 and a 200-day moving average of $6.98. The stock has a market capitalization of $22.50 billion, a P/E ratio of 7.12 and a beta of 0.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.93. Nippon Steel has a 52 week low of $6.11 and a 52 week high of $8.00.

Nippon Steel (OTCMKTS:NPSCY) last posted its 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%.

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.