Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) Short Interest Down 19.5% in September

Nippon Paint Holdings Co., Ltd. (OTCMKTS:NPCPF) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 3,662,400 shares, a drop of 19.5% from the September 15th total of 4,548,100 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Nippon Paint Trading Up 0.4 %

Shares of NPCPF opened at $6.27 on Monday. The firm’s fifty day simple moving average is $3.49 and its two-hundred day simple moving average is $3.57. Nippon Paint has a 12 month low of $5.91 and a 12 month high of $6.27. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.40.

Nippon Paint (OTCMKTS:NPCPF) last released its earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter. Nippon Paint had a return on equity of 8.44% and a net margin of 7.90%. The business had revenue of $2.78 billion during the quarter.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Nippon Paint to a “hold” rating in a research note on Friday, August 16th.

About Nippon Paint

Nippon Paint Holdings Co, Ltd. engages in the paints and fine chemicals businesses. The company offers automotive coatings, including paints for the automotive body, including surface treatment, electrodeposition coating, intermediate coating, and finish coating; paints for plastic components, such as bumpers and interior components; trade-use paints for construction sites, including single-family detached homes, buildings, and bridges; and industrial coatings that are used in a range of products, including construction and farming machinery, exterior construction materials, office equipment, and electric home appliances.