Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel Co. (OTCMKTS:NPSCY) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 47,400 shares, a decline of 22.7% from the March 31st total of 61,300 shares. Based on an average trading volume of 95,800 shares, the days-to-cover ratio is presently 0.5 days.

Nippon Steel Price Performance

Nippon Steel stock opened at $7.36 on Tuesday. The firm has a market capitalization of $20.99 billion, a P/E ratio of 5.08 and a beta of 0.92. The company has a 50-day simple moving average of $8.05 and a 200-day simple moving average of $7.77. Nippon Steel has a one year low of $6.45 and a one year high of $8.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 1.79.

Nippon Steel (OTCMKTS:NPSCY) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter. Nippon Steel had a return on equity of 12.53% and a net margin of 7.19%. The company had revenue of $15.10 billion for the quarter.

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.