Nanophase Technologies Co. (OTCMKTS:NANX) Sees Large Decline in Short Interest

Nanophase Technologies Co. (OTCMKTS:NANX) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 200 shares, a drop of 94.7% from the June 30th total of 3,800 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is presently 0.0 days.

Nanophase Technologies Stock Performance

OTCMKTS:NANX traded up $0.08 during mid-day trading on Thursday, reaching $1.58. 9,311 shares of the stock were exchanged, compared to its average volume of 6,249. The company has a 50 day simple moving average of $1.50 and a 200-day simple moving average of $1.05. The stock has a market capitalization of $86.41 million, a P/E ratio of -31.60 and a beta of 1.14. The company has a quick ratio of 0.72, a current ratio of 1.81 and a debt-to-equity ratio of 1.25. Nanophase Technologies has a 1 year low of $0.40 and a 1 year high of $1.76.

Nanophase Technologies (OTCMKTS:NANX) last released its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter. Nanophase Technologies had a negative return on equity of 58.51% and a negative net margin of 6.18%. The firm had revenue of $9.87 million for the quarter.

Nanophase Technologies Company Profile

Nanophase Technologies Corporation, a science-driven company, develops, manufactures, and sells integrated family of nanomaterial technologies in the United States. It engages in engineered materials, formulation development, and commercial manufacturing. The company produces engineered nanomaterial products comprising antimony, bismuth, cerium, iron, and zinc oxide for use in a various markets, including surface finishing,exterior coatings, personal care, plastics, scratch resistant coatings, and textiles.