Short Interest in Nippon Steel Co. (OTCMKTS:NPSCY) Decreases By 42.3%

Nippon Steel Co. (OTCMKTS:NPSCY) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 95,400 shares, a decline of 42.3% from the January 15th total of 165,400 shares. Based on an average daily trading volume, of 286,300 shares, the short-interest ratio is presently 0.3 days.

Nippon Steel Stock Performance

Shares of OTCMKTS:NPSCY traded down $0.19 during trading on Thursday, reaching $7.21. The stock had a trading volume of 228,581 shares, compared to its average volume of 187,217. Nippon Steel has a 52 week low of $6.11 and a 52 week high of $8.67. The stock has a fifty day simple moving average of $6.77 and a two-hundred day simple moving average of $6.99. The company has a quick ratio of 1.03, a current ratio of 1.97 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of 7.36 and a beta of 0.92.

Nippon Steel (OTCMKTS:NPSCY) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.25 EPS for the quarter. Nippon Steel had a net margin of 5.34% and a return on equity of 8.22%.

About Nippon Steel

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.