Nissan Chemical Co. (OTCMKTS:NNCHY) Sees Significant Drop in Short Interest

Nissan Chemical Co. (OTCMKTS:NNCHY) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 600 shares, a decrease of 14.3% from the February 13th total of 700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,200 shares, the short-interest ratio is presently 0.5 days.

Nissan Chemical Price Performance

Shares of OTCMKTS NNCHY opened at $31.17 on Thursday. The stock’s fifty day moving average is $30.24 and its 200 day moving average is $32.42. The stock has a market capitalization of $4.30 billion, a P/E ratio of 14.84 and a beta of 0.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.70 and a current ratio of 2.43. Nissan Chemical has a 52 week low of $24.00 and a 52 week high of $42.08.

Nissan Chemical (OTCMKTS:NNCHY) last issued its earnings results on Friday, February 7th. The company reported $0.54 earnings per share for the quarter. Nissan Chemical had a net margin of 17.75% and a return on equity of 18.80%.

About Nissan Chemical

Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally. The company provides high purity chemicals; AdBlue, an urea solution; ammonia, sulfuric, and nitric acid, as well as concrete and civil engineering-related products; TEPIC, an epoxy compound; Melamine Cyanurate, a salt of melamine and iso cyanuric acid; TEPIC-VL, a liquid epoxy compound; TEPIC-FL, a liquid epoxy material; FOLDI-E101, an epoxy reactive diluent; Ecopromote, a nucleating agents for PLA; Nissan Reishi, a health food; phenylphosphonic acid; HI-LITE, a chlorinated isocyanulate; OPTBEADS, a melamine-formaldehyde resin and silica; and FINEOXOCOL, a saturated fatty alcohol and acid.