Short Interest in Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Declines By 59.8%

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 139 shares, a decline of 59.8% from the May 14th total of 346 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 248 shares, the days-to-cover ratio is currently 0.6 days.

Nissan Chemical Price Performance

OTCMKTS:NNCHY opened at $43.66 on Friday. Nissan Chemical has a 52 week low of $26.65 and a 52 week high of $49.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 2.72. The firm’s 50-day simple moving average is $44.04 and its 200 day simple moving average is $39.70. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 17.60 and a beta of 0.02.

About Nissan Chemical

Nissan Chemical Corporation, traded over the counter in the U.S. under the ticker OTCMKTS:NNCHY, is a Japanese specialty chemical company with roots dating back to the late 19th century. Originating in 1887 as Tsurumi Chemical Works, the company was established by Jokichi Takamine following his isolation of adrenaline. Over the decades, Nissan Chemical has evolved into a diversified group that leverages its long-standing expertise in organic chemistry and materials science.

The company operates through multiple business segments, including performance materials, life science products and agrochemicals.