Nanophase Technologies Co. (OTCMKTS:NANX) Sees Large Decline in Short Interest

Nanophase Technologies Co. (OTCMKTS:NANX) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 200 shares, a decline of 94.7% from the June 30th total of 3,800 shares. Based on an average daily volume of 10,900 shares, the days-to-cover ratio is currently 0.0 days.

Nanophase Technologies Price Performance

Shares of NANX traded up $0.08 during trading hours on Thursday, hitting $1.58. 9,311 shares of the stock were exchanged, compared to its average volume of 6,249. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.81. Nanophase Technologies has a 12-month low of $0.40 and a 12-month high of $1.76. The company has a market cap of $86.41 million, a price-to-earnings ratio of -31.60 and a beta of 1.14. The stock’s 50-day moving average price is $1.50 and its two-hundred day moving average price is $1.05.

Nanophase Technologies (OTCMKTS:NANX) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.01 EPS for the quarter. Nanophase Technologies had a negative return on equity of 58.51% and a negative net margin of 6.18%. The firm had revenue of $9.87 million during the quarter.

Nanophase Technologies Company Profile

Nanophase Technologies Corporation, a science-driven company, develops, manufactures, and sells integrated family of nanomaterial technologies in the United States. It engages in engineered materials, formulation development, and commercial manufacturing. The company produces engineered nanomaterial products comprising antimony, bismuth, cerium, iron, and zinc oxide for use in a various markets, including surface finishing,exterior coatings, personal care, plastics, scratch resistant coatings, and textiles.