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

Nissan Motor Co. (OTCMKTS:NSANY) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 61,986 shares, a decline of 18.3% from the January 29th total of 75,860 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 323,760 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 323,760 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Nissan Motor Stock Down 7.5%

Shares of OTCMKTS NSANY opened at $4.86 on Wednesday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of -1.41 and a beta of 0.40. The company’s 50-day simple moving average is $5.20 and its 200-day simple moving average is $4.96. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. Nissan Motor has a 52-week low of $4.10 and a 52-week high of $6.06.

Nissan Motor (OTCMKTS:NSANY) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. Nissan Motor had a negative net margin of 7.62% and a negative return on equity of 5.05%. The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.67 billion. Equities analysts predict that Nissan Motor will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on NSANY shares. Wall Street Zen upgraded shares of Nissan Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Nomura raised shares of Nissan Motor to a “hold” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nissan Motor currently has an average rating of “Reduce”.

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.