Short Interest in Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Drops By 94.3%

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6 shares, a decrease of 94.3% from the April 15th total of 105 shares. Based on an average daily trading volume, of 433 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Nissan Chemical Stock Performance

Shares of OTCMKTS NNCHY remained flat at $46.95 on Wednesday. 178 shares of the stock were exchanged, compared to its average volume of 214. The company has a market capitalization of $6.33 billion, a PE ratio of 20.50 and a beta of -0.02. Nissan Chemical has a one year low of $26.65 and a one year high of $49.63. The company has a quick ratio of 1.62, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $40.24 and its 200 day moving average is $37.71.

Nissan Chemical (OTCMKTS:NNCHY) last released its earnings results on Monday, February 9th. The company reported $0.59 earnings per share (EPS) for the quarter. Nissan Chemical had a net margin of 17.07% and a return on equity of 19.08%. The firm had revenue of $424.19 million during the quarter.

Nissan Chemical Company Profile

Nissan Chemical Corporation, traded over the counter in the U.S. under the ticker OTCMKTS:NNCHY, is a Japanese specialty chemical company with roots dating back to the late 19th century. Originating in 1887 as Tsurumi Chemical Works, the company was established by Jokichi Takamine following his isolation of adrenaline. Over the decades, Nissan Chemical has evolved into a diversified group that leverages its long-standing expertise in organic chemistry and materials science.

The company operates through multiple business segments, including performance materials, life science products and agrochemicals.