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

Nissan Motor Co. (OTCMKTS:NSANY) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 27,689 shares, a drop of 66.2% from the April 30th total of 82,003 shares. Based on an average daily volume of 274,145 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Nissan Motor Trading Down 1.6%

NSANY stock traded down $0.08 during midday trading on Friday, reaching $5.00. 118,110 shares of the company traded hands, compared to its average volume of 127,161. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of -2.50, a P/E/G ratio of 2.44 and a beta of 0.56. Nissan Motor has a 52-week low of $4.05 and a 52-week high of $6.06. The business has a 50 day moving average of $4.51 and a 200-day moving average of $4.84. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 1.65.

Analysts Set New Price Targets

Separately, Nomura raised shares of Nissan Motor to a “hold” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Nissan Motor Company Profile

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.