Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Down 83.3% in September

Nippon Steel Co. (OTCMKTS:NPSCY) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 18,400 shares, a decline of 83.3% from the August 31st total of 110,500 shares. Based on an average daily volume of 187,900 shares, the days-to-cover ratio is presently 0.1 days.

Nippon Steel Stock Up 1.5 %

OTCMKTS NPSCY traded up $0.11 during trading hours on Thursday, reaching $7.63. 22,996 shares of the company’s stock were exchanged, compared to its average volume of 54,060. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 1.87. The company has a market capitalization of $22.62 billion, a price-to-earnings ratio of 6.02 and a beta of 0.92. The company’s 50-day moving average is $7.34 and its two-hundred day moving average is $7.45. Nippon Steel has a one year low of $6.78 and a one year high of $8.67.

Nippon Steel (OTCMKTS:NPSCY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $14.06 billion during the quarter. Nippon Steel had a net margin of 5.96% and a return on equity of 9.83%.

Nippon Steel Company Profile

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.