Short Interest in Nissan Motor Co., Ltd. (OTCMKTS:NSANY) Grows By 853.1%

Nissan Motor Co., Ltd. (OTCMKTS:NSANY) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 30,500 shares, a growth of 853.1% from the December 15th total of 3,200 shares. Based on an average daily volume of 216,000 shares, the short-interest ratio is currently 0.1 days.

OTCMKTS:NSANY traded up $0.24 during trading hours on Friday, reaching $11.18. 93,477 shares of the stock were exchanged, compared to its average volume of 117,590. The company has a current ratio of 1.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.85. Nissan Motor has a twelve month low of $9.23 and a twelve month high of $12.74. The firm has a 50 day moving average of $10.31 and a 200 day moving average of $10.38.

Nissan Motor (OTCMKTS:NSANY) last released its quarterly earnings data on Tuesday, November 9th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.37. The company had revenue of $17.61 billion during the quarter, compared to the consensus estimate of $19.22 billion. Nissan Motor had a negative return on equity of 0.03% and a net margin of 0.51%. As a group, analysts expect that Nissan Motor will post 1.06 EPS for the current fiscal year.

Several equities analysts recently weighed in on NSANY shares. Zacks Investment Research raised shares of Nissan Motor from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Wednesday, December 22nd. The Goldman Sachs Group raised Nissan Motor from a “neutral” rating to a “buy” rating in a report on Thursday, November 18th. Morgan Stanley initiated coverage on shares of Nissan Motor in a research report on Tuesday, October 12th. They set an “underweight” rating for the company. Finally, JPMorgan Chase & Co. upgraded shares of Nissan Motor from a “neutral” rating to an “overweight” rating in a research report on Wednesday, December 15th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Nissan Motor has an average rating of “Buy” and an average target price of $11.00.

About Nissan Motor

Nissan Motor Co, Ltd. engages in the manufacture and sale of automotive products and marine equipment. It operates through the Automobile and Sales segments. The Automobile segment manufactures and sells vehicles, forklift, marine equipment, and related parts. The Sales segment handles sales finance and leasing business to support the sales activity of automobile business.

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