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

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 346 shares, an increase of 5,666.7% from the April 30th total of 6 shares. Based on an average daily trading volume, of 119 shares, the short-interest ratio is currently 2.9 days. Approximately 0.0% of the shares of the company are short sold.

Nissan Chemical Price Performance

OTCMKTS NNCHY opened at $48.86 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 2.72. The firm has a 50-day simple moving average of $41.92 and a 200 day simple moving average of $38.51. Nissan Chemical has a twelve month low of $26.65 and a twelve month high of $49.63. The stock has a market cap of $6.59 billion, a PE ratio of 19.70 and a beta of -0.02.

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.