Short Interest in Nissan Motor Co., Ltd. (OTCMKTS:NSANY) Grows By 388.2%

Nissan Motor Co., Ltd. (OTCMKTS:NSANY) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 676,700 shares, an increase of 388.2% from the October 31st total of 138,600 shares. Based on an average trading volume of 1,187,000 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Bank of America cut Nissan Motor from a “buy” rating to an “underperform” rating in a report on Tuesday, September 17th.

Nissan Motor Trading Down 3.6 %

Shares of OTCMKTS NSANY traded down $0.19 during mid-day trading on Wednesday, reaching $5.15. The company had a trading volume of 518,885 shares, compared to its average volume of 528,741. Nissan Motor has a 52 week low of $4.75 and a 52 week high of $8.79. The business’s 50-day moving average is $5.42 and its 200-day moving average is $6.12. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.25 and a beta of 1.01. The company has a current ratio of 1.86, a quick ratio of 1.56 and a debt-to-equity ratio of 0.83.

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.