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

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

Nippon Steel Stock Performance

OTCMKTS NPSCY traded up $0.11 during trading hours on Friday, hitting $6.63. The company had a trading volume of 97,694 shares, compared to its average volume of 76,516. The business has a 50 day moving average of $6.68 and a 200-day moving average of $7.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.97. Nippon Steel has a 1-year low of $6.11 and a 1-year high of $8.67. The company has a market cap of $21.38 billion, a PE ratio of 6.44 and a beta of 0.93.

About Nippon Steel

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.