Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Shares Shorted: Short Interest Up 196.6% in October

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 172 shares, a growth of 196.6% from the October 15th total of 58 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 89 shares, the days-to-cover ratio is presently 1.9 days.

Nissan Chemical Trading Down 2.9%

OTCMKTS NNCHY traded down $1.33 on Friday, hitting $43.89. The company’s stock had a trading volume of 131 shares, compared to its average volume of 77. The firm has a market cap of $5.92 billion and a PE ratio of 17.28. The company has a quick ratio of 1.92, a current ratio of 2.96 and a debt-to-equity ratio of 0.08. Nissan Chemical has a 1-year low of $31.68 and a 1-year high of $58.96. The company’s 50-day moving average is $54.36 and its 200 day moving average is $46.95.

Nissan Chemical (OTCMKTS:NNCHY) last announced its earnings results on Monday, November 9th. The company reported $0.43 EPS for the quarter. The firm had revenue of $419.70 million for the quarter. Nissan Chemical had a return on equity of 20.77% and a net margin of 17.93%.

About Nissan Chemical

Nissan Chemical Corporation is a Japan-based chemical company with roots dating to 1887, when it was established as Tokyo Artificial Fertilizer Company. The company later became known as Nissan Chemical Industries before adopting its current name in 2018. The company develops and manufactures products across several businesses, including industrial chemicals, performance materials, agricultural chemicals and healthcare. Its offerings include materials used in semiconductor and display manufacturing, as well as crop-protection products such as pesticides and herbicides.