Short Interest in Nanophase Technologies Co. (OTCMKTS:NANX) Decreases By 65.7%

Nanophase Technologies Co. (OTCMKTS:NANX) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 1,200 shares, a decline of 65.7% from the August 15th total of 3,500 shares. Based on an average daily volume of 23,600 shares, the short-interest ratio is presently 0.1 days.

Nanophase Technologies Stock Performance

NANX traded down $0.01 during trading on Friday, hitting $1.52. 14,705 shares of the stock were exchanged, compared to its average volume of 10,932. The company has a quick ratio of 0.75, a current ratio of 1.76 and a debt-to-equity ratio of 0.52. Nanophase Technologies has a 1-year low of $0.40 and a 1-year high of $1.76. The stock has a fifty day moving average price of $1.50 and a two-hundred day moving average price of $1.28. The firm has a market capitalization of $83.13 million, a P/E ratio of -30.40 and a beta of 1.11.

Nanophase Technologies (OTCMKTS:NANX) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $0.01 EPS for the quarter. Nanophase Technologies had a negative net margin of 4.65% and a negative return on equity of 31.86%. The business had revenue of $13.05 million for the quarter.

About Nanophase Technologies

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.