Nanophase Technologies Co. (OTCMKTS:NANX) Sees Significant Decline in Short Interest

Nanophase Technologies Co. (OTCMKTS:NANX) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 200 shares, a decline of 94.6% from the December 31st total of 3,700 shares. Based on an average trading volume of 76,700 shares, the days-to-cover ratio is currently 0.0 days.

Nanophase Technologies Price Performance

NANX stock traded down $0.09 during midday trading on Thursday, hitting $2.86. 9,770 shares of the stock traded hands, compared to its average volume of 31,425. The firm has a market cap of $200.17 million, a P/E ratio of 143.20 and a beta of 1.26. Nanophase Technologies has a 1-year low of $0.40 and a 1-year high of $3.15. The stock’s fifty day simple moving average is $2.61 and its 200-day simple moving average is $1.97.

Nanophase Technologies (OTCMKTS:NANX) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.04 EPS for the quarter. Nanophase Technologies had a net margin of 5.59% and a return on equity of 31.49%. The business had revenue of $16.87 million during the quarter.

About Nanophase Technologies

Nanophase Technologies Corporation, a science-driven company, develops, manufactures, and sells integrated family of nanomaterial technologies in the United States. It engages in engineered materials, formulation development, and commercial manufacturing. The company produces engineered nanomaterial products comprising antimony, bismuth, cerium, iron, and zinc oxide for use in a various markets, including surface finishing,exterior coatings, personal care, plastics, scratch resistant coatings, and textiles.