Short Interest in Nissan Motor Co., Ltd. (OTCMKTS:NSANY) Rises By 23.5%

Nissan Motor Co., Ltd. (OTCMKTS:NSANYGet Rating) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 147,900 shares, a growth of 23.5% from the March 15th total of 119,800 shares. Based on an average daily volume of 240,400 shares, the days-to-cover ratio is presently 0.6 days.

Separately, Zacks Investment Research downgraded Nissan Motor from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nissan Motor currently has an average rating of “Hold” and an average target price of $11.00.

OTCMKTS:NSANY traded up $0.02 during trading hours on Tuesday, reaching $8.02. 78,589 shares of the stock were exchanged, compared to its average volume of 142,629. Nissan Motor has a twelve month low of $7.59 and a twelve month high of $11.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.65 and a quick ratio of 1.43. The firm has a 50 day moving average of $8.99 and a 200 day moving average of $9.86. The stock has a market cap of $16.93 billion, a PE ratio of 14.85 and a beta of 1.13.

Nissan Motor (OTCMKTS:NSANYGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. Nissan Motor had a return on equity of 1.23% and a net margin of 1.34%. The company had revenue of $20.11 billion for the quarter, compared to analysts’ expectations of $18.98 billion. Equities research analysts anticipate that Nissan Motor will post 1.01 earnings per share for the current year.

About Nissan Motor (Get Rating)

Nissan Motor Co, Ltd. manufactures and sells vehicles and automotive parts worldwide. It sells vehicles under the Nissan, Infiniti, Datsun, Heritage, and Motorsports brands. The company offers vehicle and vehicle parts; engines, manual transmissions, and multiplier/reducer units; automotive parts; axles; specially equipped vehicles; and motorsports engines.

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