Nissan Motor Co. (OTCMKTS:NSANY) Sees Large Drop in Short Interest

Nissan Motor Co. (OTCMKTS:NSANY) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 2,737 shares, a decline of 97.2% from the December 31st total of 97,600 shares. Based on an average daily trading volume, of 226,184 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 226,184 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Nissan Motor from a “sell” rating to a “hold” rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Nissan Motor Stock Down 3.9%

Shares of OTCMKTS NSANY opened at $4.69 on Thursday. The stock has a market capitalization of $8.71 billion, a P/E ratio of -1.38 and a beta of 0.44. The stock’s fifty day moving average is $4.99 and its 200 day moving average is $4.79. Nissan Motor has a 52 week low of $4.10 and a 52 week high of $6.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.38 and a current ratio of 1.60.

Nissan Motor (OTCMKTS:NSANY) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.52. Nissan Motor had a negative net margin of 7.39% and a negative return on equity of 3.09%. The business had revenue of $19.24 billion for the quarter, compared to analysts’ expectations of $19.43 billion. Sell-side analysts forecast that Nissan Motor will post 0.14 earnings per share for the current fiscal year.

About Nissan Motor

Nissan Motor Co, Ltd. is a global automotive manufacturer headquartered in Yokohama, Japan, known for the design, development, production and sale of a wide range of vehicles. The company’s core business includes passenger cars, crossovers, trucks and commercial vehicles, as well as luxury models sold under its Infiniti brand. Nissan is also a pioneer in electric vehicle technology, having introduced its flagship EV model, the Leaf, which has become one of the world’s best-selling electric cars.

In addition to conventional internal combustion engines, Nissan has invested heavily in hybrid and battery-electric powertrains, advanced driver-assistance systems and connected-car technologies.