Short Interest in Nissan Motor Co. (OTCMKTS:NSANY) Declines By 86.6%

Nissan Motor Co. (OTCMKTS:NSANY) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 8,323 shares, a drop of 86.6% from the February 12th total of 61,986 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 287,921 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 287,921 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

NSANY has been the subject of a number of analyst reports. Wall Street Zen raised Nissan Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Nomura upgraded shares of Nissan Motor to a “hold” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Nissan Motor Stock Performance

NSANY opened at $4.69 on Thursday. The stock has a market cap of $8.71 billion, a PE ratio of -1.36 and a beta of 0.40. Nissan Motor has a 1 year low of $4.10 and a 1 year high of $6.06. The stock’s 50 day simple moving average is $5.18 and its 200-day simple moving average is $4.95. The company has a current ratio of 1.65, a quick ratio of 1.38 and a debt-to-equity ratio of 1.06.

Nissan Motor (OTCMKTS:NSANY) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.67 billion. Nissan Motor had a negative net margin of 7.62% and a negative return on equity of 5.09%. Sell-side analysts forecast that Nissan Motor will post 0.14 EPS for the current year.

About Nissan Motor

Nissan Motor Co, Ltd. is a global automotive manufacturer headquartered in Yokohama, Japan, known for the design, development, production and sale of a wide range of vehicles. The company’s core business includes passenger cars, crossovers, trucks and commercial vehicles, as well as luxury models sold under its Infiniti brand. Nissan is also a pioneer in electric vehicle technology, having introduced its flagship EV model, the Leaf, which has become one of the world’s best-selling electric cars.

In addition to conventional internal combustion engines, Nissan has invested heavily in hybrid and battery-electric powertrains, advanced driver-assistance systems and connected-car technologies.