Short Interest in Nippon Steel Co. (OTCMKTS:NPSCY) Decreases By 54.5%

Nippon Steel Co. (OTCMKTS:NPSCY) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 110,500 shares, a decrease of 54.5% from the August 15th total of 242,800 shares. Based on an average daily volume of 111,000 shares, the days-to-cover ratio is presently 1.0 days.

Nippon Steel Price Performance

Nippon Steel stock traded up $0.10 during mid-day trading on Friday, reaching $7.09. The company had a trading volume of 82,367 shares, compared to its average volume of 52,162. The company has a market cap of $21.03 billion, a P/E ratio of 5.59 and a beta of 0.92. The business has a fifty day simple moving average of $7.35 and a 200 day simple moving average of $7.52. The company has a current ratio of 1.87, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. Nippon Steel has a fifty-two week low of $6.78 and a fifty-two week high of $8.79.

Nippon Steel (OTCMKTS:NPSCY) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.32 EPS for the quarter. The firm had revenue of $14.06 billion during the quarter. Nippon Steel had a return on equity of 9.83% and a net margin of 5.96%.

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.