Nissan Motor Co. (OTCMKTS:NSANY) Short Interest Down 69.4% in March

Nissan Motor Co. (OTCMKTS:NSANY) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 2,543 shares, a decline of 69.4% from the February 26th total of 8,323 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 421,467 shares, the short-interest ratio is presently 0.0 days.

Nissan Motor Stock Down 2.3%

Nissan Motor stock traded down $0.10 during mid-day trading on Friday, hitting $4.21. 250,401 shares of the company’s stock were exchanged, compared to its average volume of 258,428. Nissan Motor has a 1-year low of $4.10 and a 1-year high of $6.06. The stock has a 50 day moving average of $5.00 and a two-hundred day moving average of $4.93. The company has a current ratio of 1.65, a quick ratio of 1.42 and a debt-to-equity ratio of 1.06. The stock has a market cap of $7.82 billion, a P/E ratio of -1.22 and a beta of 0.40.

Nissan Motor (OTCMKTS:NSANY) last announced its earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. The firm had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $19.67 billion. Nissan Motor had a negative return on equity of 5.09% and a negative net margin of 7.62%. As a group, analysts anticipate that Nissan Motor will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NSANY shares. Nomura upgraded Nissan Motor to a “hold” rating in a report on Friday, February 13th. Wall Street Zen raised shares of Nissan Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Nissan Motor Company Profile

Nissan Motor Co, Ltd. is a global automotive manufacturer headquartered in Yokohama, Japan, known for the design, development, production and sale of a wide range of vehicles. The company’s core business includes passenger cars, crossovers, trucks and commercial vehicles, as well as luxury models sold under its Infiniti brand. Nissan is also a pioneer in electric vehicle technology, having introduced its flagship EV model, the Leaf, which has become one of the world’s best-selling electric cars.

In addition to conventional internal combustion engines, Nissan has invested heavily in hybrid and battery-electric powertrains, advanced driver-assistance systems and connected-car technologies.