Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) Sees Significant Growth in Short Interest

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 66 shares, a growth of 187.0% from the July 30th total of 23 shares. Based on an average trading volume of 67 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company’s shares are sold short.

Nissan Chemical Price Performance

OTCMKTS:NNCHY remained flat at $51.06 on Friday. 5 shares of the company’s stock were exchanged, compared to its average volume of 54. The company has a quick ratio of 1.86, a current ratio of 2.84 and a debt-to-equity ratio of 0.04. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 19.95 and a beta of 0.03. The business has a 50-day simple moving average of $48.47 and a two-hundred day simple moving average of $44.88. Nissan Chemical has a one year low of $31.68 and a one year high of $54.53.

Nissan Chemical Company Profile

Nissan Chemical Corporation, traded over the counter in the U.S. under the ticker OTCMKTS:NNCHY, is a Japanese specialty chemical company with roots dating back to the late 19th century. Originating in 1887 as Tsurumi Chemical Works, the company was established by Jokichi Takamine following his isolation of adrenaline. Over the decades, Nissan Chemical has evolved into a diversified group that leverages its long-standing expertise in organic chemistry and materials science.

The company operates through multiple business segments, including performance materials, life science products and agrochemicals.