Short Interest in Nissan Motor Co., Ltd. (OTCMKTS:NSANY) Declines By 22.7%

Nissan Motor Co., Ltd. (OTCMKTS:NSANY) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 523,100 shares, a decline of 22.7% from the November 15th total of 676,700 shares. Based on an average daily volume of 932,300 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NSANY. Nomura downgraded Nissan Motor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 27th. Bank of America cut shares of Nissan Motor from a “buy” rating to an “underperform” rating in a research report on Tuesday, September 17th.

Nissan Motor Price Performance

Shares of OTCMKTS NSANY traded down $0.04 during trading hours on Friday, hitting $4.66. 300,797 shares of the stock were exchanged, compared to its average volume of 269,462. The company’s fifty day simple moving average is $5.20 and its two-hundred day simple moving average is $5.92. The company has a market cap of $8.65 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.56 and a current ratio of 1.87. Nissan Motor has a 1-year low of $4.65 and a 1-year high of $8.79.

About Nissan Motor

Nissan Motor Co, Ltd. manufactures and sells vehicles and automotive parts worldwide. It sells vehicles under the Nissan and Infiniti brands. The company offers vehicle and vehicle parts; engines, manual transmissions, and multiplier/reducer units; automotive parts; axles; and other related components.