Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Sees Large Increase in Short Interest

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 172 shares, an increase of 196.6% from the October 15th total of 58 shares. Based on an average daily volume of 89 shares, the short-interest ratio is currently 1.9 days. Approximately 0.0% of the shares of the company are short sold.

Nissan Chemical Stock Performance

OTCMKTS NNCHY traded down $1.33 during midday trading on Friday, hitting $43.89. The company had a trading volume of 131 shares, compared to its average volume of 77. The company has a quick ratio of 1.92, a current ratio of 2.96 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.92 billion and a price-to-earnings ratio of 17.28. The firm has a fifty day simple moving average of $54.36 and a two-hundred day simple moving average of $46.95. Nissan Chemical has a fifty-two week low of $31.68 and a fifty-two week high of $58.96.

Nissan Chemical (OTCMKTS:NNCHY) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.43 EPS for the quarter. The company had revenue of $419.70 million during the quarter. Nissan Chemical had a return on equity of 20.77% and a net margin of 17.93%.

About Nissan Chemical

Nissan Chemical Corporation is a Japan-based chemical company with roots dating to 1887, when it was established as Tokyo Artificial Fertilizer Company. The company later became known as Nissan Chemical Industries before adopting its current name in 2018. The company develops and manufactures products across several businesses, including industrial chemicals, performance materials, agricultural chemicals and healthcare. Its offerings include materials used in semiconductor and display manufacturing, as well as crop-protection products such as pesticides and herbicides.