Nissan Motor Co., Ltd. (OTCMKTS:NSANY) Short Interest Down 21.4% in September

Nissan Motor Co., Ltd. (OTCMKTS:NSANY) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 465,500 shares, a decrease of 21.4% from the September 15th total of 592,200 shares. Based on an average daily trading volume, of 646,400 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

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

Nissan Motor Trading Up 0.2 %

Shares of NSANY stock traded up $0.01 during mid-day trading on Tuesday, reaching $5.37. 246,644 shares of the stock traded hands, compared to its average volume of 214,042. The stock’s fifty day simple moving average is $5.74 and its two-hundred day simple moving average is $6.59. Nissan Motor has a 1-year low of $5.24 and a 1-year high of $8.79. The company has a quick ratio of 1.56, a current ratio of 1.86 and a debt-to-equity ratio of 0.83. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 3.51, a price-to-earnings-growth ratio of 0.26 and a beta of 1.00.

Nissan Motor (OTCMKTS:NSANY) last posted its earnings results on Thursday, July 25th. The company reported $0.10 EPS for the quarter. Nissan Motor had a net margin of 2.78% and a return on equity of 6.52%. The business had revenue of $19.23 billion for the quarter. On average, research analysts anticipate that Nissan Motor will post 0.91 EPS for the current fiscal year.

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.