Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Down 31.5% in March

Nippon Steel Co. (OTCMKTS:NPSCY) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 38,100 shares, a decrease of 31.5% from the February 28th total of 55,600 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 124,500 shares, the days-to-cover ratio is currently 0.3 days.

Nippon Steel Stock Performance

Shares of NPSCY stock traded down $0.24 during mid-day trading on Monday, hitting $7.16. The stock had a trading volume of 95,475 shares, compared to its average volume of 126,597. Nippon Steel has a fifty-two week low of $6.11 and a fifty-two week high of $8.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.93 and a quick ratio of 1.03. The company’s 50-day simple moving average is $7.40 and its 200-day simple moving average is $7.03. The firm has a market cap of $23.09 billion, a PE ratio of 7.31 and a beta of 0.80.

Nippon Steel (OTCMKTS:NPSCY) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.25 earnings per share for the quarter. Nippon Steel had a return on equity of 8.17% and a net margin of 5.34%.

About Nippon Steel

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.