Nippon Steel Co. (OTCMKTS:NPSCY) Short Interest Decline in March

Nippon Steel Co. (OTCMKTS:NPSCY) experienced a notable decline in short interest during March. As of March 15th, short interest totaled 38,100 shares, reflecting a decrease of 31.5% from the 55,600 shares reported on February 28th. With an average daily trading volume of 124,500 shares, the days-to-cover ratio is currently 0.3 days. At this time, approximately 0.0% of the company's shares are short sold.

Nippon Steel Shares Experienced a Drop

On Friday, shares of Nippon Steel (OTCMKTS:NPSCY) fell by $0.37, bringing the price down to $7.40. The trading volume for the day was 28,520 shares, which is lower than the average trading volume of 127,311 shares. The company's 50-day simple moving average stands at $7.40, while its 200-day simple moving average is $7.03. Nippon Steel boasts a market capitalization of $23.86 billion, has a price-to-earnings ratio of 7.55, and a beta of 0.80. Key ratios include a quick ratio of 1.03, a current ratio of 1.93, and a debt-to-equity ratio of 0.35. Over the past year, the stock has seen a low of $6.11 and a high of $8.40.

Nippon Steel (OTCMKTS:NPSCY) released its quarterly earnings data on February 6th, reporting earnings of $0.25 per share for the quarter. The company registered a net margin of 5.34% and a return on equity of 8.17%.

About Nippon Steel

Nippon Steel Corporation is involved in various sectors including steelmaking, steel fabrication, engineering and construction, chemicals and materials, and system solutions both in Japan and internationally. The company offers a wide range of products such as steel plates, rods, structural steel, pipes and tubes, as well as titanium and stainless steel products. Their materials are utilized in automotive, energy, infrastructure, and consumer electronics markets.

Investment Considerations

Before considering an investment in Nippon Steel, it is advisable to review current market suggestions. Analysts track top-rated stock recommendations and have identified five alternatives that may offer better investment opportunities than Nippon Steel at this time.

Nippon, Steel, Short, Interest, Market