Short Interest in Nippon Steel Co. (OTCMKTS:NPSCY) Declines By 84.8%

Nippon Steel Co. (OTCMKTS:NPSCY) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 28,300 shares, a decrease of 84.8% from the November 30th total of 185,900 shares. Based on an average trading volume of 302,100 shares, the short-interest ratio is presently 0.1 days.

Nippon Steel Stock Performance

Nippon Steel stock traded up $0.17 during midday trading on Thursday, reaching $6.52. 183,448 shares of the company traded hands, compared to its average volume of 76,432. Nippon Steel has a 12 month low of $6.11 and a 12 month high of $8.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.97 and a quick ratio of 1.03. The business has a 50 day moving average of $6.68 and a two-hundred day moving average of $7.08. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 6.33 and a beta of 0.93.

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.