Short Interest in Nippon Steel Co. (OTCMKTS:NPSCY) Declines By 22.7%

Nippon Steel Co. (OTCMKTS:NPSCY) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 47,400 shares, a drop of 22.7% from the March 31st total of 61,300 shares. Based on an average trading volume of 95,800 shares, the days-to-cover ratio is currently 0.5 days.

Nippon Steel Trading Up 0.8 %

NPSCY stock traded up $0.06 during midday trading on Friday, reaching $7.36. The company’s stock had a trading volume of 79,276 shares, compared to its average volume of 50,435. Nippon Steel has a 52 week low of $6.45 and a 52 week high of $8.79. The stock has a market cap of $20.35 billion, a PE ratio of 5.08 and a beta of 0.92. The company has a quick ratio of 0.93, a current ratio of 1.79 and a debt-to-equity ratio of 0.41. The business’s 50-day simple moving average is $8.05 and its 200-day simple moving average is $7.77.

Nippon Steel (OTCMKTS:NPSCY) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $15.10 billion for the quarter. Nippon Steel had a net margin of 7.19% and a return on equity of 12.53%.

Nippon Steel Company Profile

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.