Nippon Steel Co. Short Interest Analysis

Nippon Steel Co. (OTCMKTS:NPSCY - Get Free Report) experienced a significant reduction in short interest during March. As of March 15th, the total short interest amounted to 38,100 shares, representing a decrease of 31.5% from the previous month’s total of 55,600 shares reported on February 28th. With an average daily trading volume of 124,500 shares, the current days-to-cover ratio stands at 0.3 days. At present, only 0.0% of the company's shares are short sold.

Nippon Steel Stock Performance

Recently, shares of Nippon Steel (OTCMKTS:NPSCY) declined by $0.37, bringing the stock price to $7.40. The trading volume for the day was recorded at 28,520 shares, which is lower than the average trading volume of 127,311 shares. The company’s 50-day simple moving average is currently positioned at $7.40, while the two-hundred-day simple moving average sits at $7.03. Nippon Steel boasts a market capitalization of $23.86 billion and has a price-to-earnings ratio of 7.55. It also carries a beta of 0.80. The financial health indicators reveal 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, Nippon Steel’s stock has fluctuated between a low of $6.11 and a high of $8.40.

Financial Results of Nippon Steel

The company previously published its quarterly earnings on February 6th, indicating an earnings per share (EPS) of $0.25 for that quarter. Nippon Steel reported a net margin of 5.34% and a return on equity of 8.17%.

About Nippon Steel Co.

Nippon Steel Corporation specializes in steel manufacturing and fabrication, engineering and construction, chemicals and materials, as well as system solutions both domestically in Japan and internationally. The company produces a variety of products, including steel plates, sheets, and slags, bar and rod materials, structural steel, pipes and tubes, titanium and stainless products, and components for sectors like automotive, energy, infrastructure, and consumer electronics.

Investment Outlook

Before considering an investment in Nippon Steel, it is crucial to acknowledge that top analysts may have alternative recommendations. Currently, Nippon Steel has received a Hold rating from analysts, with several believing that there are better investment opportunities available.

Nippon, Steel, Investment