Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Up 202.5% in January

Nippon Steel Co. (OTCMKTS:NPSCY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 85,600 shares, an increase of 202.5% from the December 31st total of 28,300 shares. Based on an average daily volume of 369,600 shares, the days-to-cover ratio is currently 0.2 days.

Nippon Steel Stock Down 0.1 %

Shares of NPSCY traded down $0.01 during trading hours on Wednesday, hitting $6.83. 58,172 shares of the company were exchanged, compared to its average volume of 212,065. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.97. The company has a market cap of $22.02 billion, a PE ratio of 6.63 and a beta of 0.93. The firm’s 50 day moving average is $6.69 and its 200-day moving average is $6.99. Nippon Steel has a 52 week low of $6.11 and a 52 week high of $8.67.

Nippon Steel (OTCMKTS:NPSCY) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.18 earnings per share for the quarter. Nippon Steel had a net margin of 5.56% and a return on equity of 8.79%. The firm had revenue of $14.71 billion during the quarter.

Nippon Steel Company Profile

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.