Short Interest in Nissan Motor Co. (OTCMKTS:NSANY) Expands By 264.4%

Nissan Motor Co. (OTCMKTS:NSANY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 82,003 shares, an increase of 264.4% from the April 15th total of 22,504 shares. Based on an average daily volume of 309,166 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Nissan Motor Trading Up 7.0%

Shares of OTCMKTS NSANY opened at $4.74 on Thursday. The firm’s 50 day moving average price is $4.50 and its 200-day moving average price is $4.84. The company has a market cap of $8.80 billion, a PE ratio of -1.38, a P/E/G ratio of 0.80 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 company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 1.65.

Nissan Motor (OTCMKTS:NSANY) last issued its earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.67 billion. Nissan Motor had a negative net margin of 7.62% and a negative return on equity of 5.09%. On average, equities research analysts expect that Nissan Motor will post -1.62 EPS 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.