Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Sees Large Decrease in Short Interest

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 23 shares, a drop of 77.5% from the July 15th total of 102 shares. Based on an average daily volume of 238 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Nissan Chemical Price Performance

OTCMKTS:NNCHY remained flat at $48.70 during mid-day trading on Friday. The company had a trading volume of 1 shares, compared to its average volume of 131. The company has a quick ratio of 1.86, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. The stock has a market cap of $6.57 billion, a P/E ratio of 19.64 and a beta of 0.03. Nissan Chemical has a fifty-two week low of $31.68 and a fifty-two week high of $54.53. The business has a fifty day simple moving average of $47.49 and a 200 day simple moving average of $43.90.

Nissan Chemical Company Profile

Nissan Chemical Corporation, traded over the counter in the U.S. under the ticker OTCMKTS:NNCHY, is a Japanese specialty chemical company with roots dating back to the late 19th century. Originating in 1887 as Tsurumi Chemical Works, the company was established by Jokichi Takamine following his isolation of adrenaline. Over the decades, Nissan Chemical has evolved into a diversified group that leverages its long-standing expertise in organic chemistry and materials science.

The company operates through multiple business segments, including performance materials, life science products and agrochemicals.