Nissan Chemical Co. (OTCMKTS:NNCHY) Sees Significant Increase in Short Interest

Nissan Chemical Co. (OTCMKTS:NNCHY) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,300 shares, an increase of 116.7% from the February 28th total of 600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 2.2 days.

Nissan Chemical Price Performance

NNCHY stock traded up $2.96 during mid-day trading on Friday, reaching $33.50. 457 shares of the company’s stock were exchanged, compared to its average volume of 1,390. Nissan Chemical has a 12-month low of $24.00 and a 12-month high of $39.54. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 15.95 and a beta of 0.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.43 and a quick ratio of 1.70. The stock’s 50 day moving average is $30.13 and its 200 day moving average is $32.28.

Nissan Chemical (OTCMKTS:NNCHY) last released its quarterly earnings data on Friday, February 7th. The company reported $0.54 EPS for the quarter. Nissan Chemical had a net margin of 17.75% and a return on equity of 18.80%.

Nissan Chemical Company Profile

Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally. The company provides high purity chemicals; AdBlue, an urea solution; ammonia, sulfuric, and nitric acid, as well as concrete and civil engineering-related products; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; TEPIC-VL, a liquid epoxy compound; TEPIC-FL, a liquid epoxy material; FOLDI-E101, an epoxy reactive diluent; Ecopromote, a nucleating agents for PLA; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; OPTBEADS, a melamine-formaldehyde resin and silica; and FINEOXOCOL, a saturated fatty alcohol and acid.