Nippon Steel Co. (OTCMKTS:NPSCY) Sees Significant Increase in Short Interest

Nippon Steel Co. (OTCMKTS:NPSCY) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 153,300 shares, an increase of 60.7% from the January 31st total of 95,400 shares. Based on an average daily volume of 308,500 shares, the days-to-cover ratio is currently 0.5 days.

Nippon Steel Stock Performance

Nippon Steel stock traded down $0.04 during midday trading on Tuesday, reaching $7.57. 79,960 shares of the company traded hands, compared to its average volume of 165,281. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.93 and a quick ratio of 1.03. Nippon Steel has a 12 month low of $6.11 and a 12 month high of $8.62. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 7.72 and a beta of 0.92. The business has a 50 day moving average of $7.00 and a two-hundred day moving average of $7.01.

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

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.