ArcelorMittal South Africa Ltd (OTCMKTS:AMSIY) Sees Significant Decrease in Short Interest

ArcelorMittal South Africa Ltd (OTCMKTS:AMSIY) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 800 shares, a drop of 81.8% from the August 15th total of 4,400 shares. Based on an average daily volume of 11,000 shares, the short-interest ratio is presently 0.1 days.

AMSIY opened at $0.38 on Wednesday. The company’s 50 day moving average is $0.40 and its 200-day moving average is $0.29. ArcelorMittal South Africa has a 1-year low of $0.00 and a 1-year high of $0.50. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.58 and a current ratio of 1.16.

About ArcelorMittal South Africa

ArcelorMittal South Africa Ltd, together with its subsidiaries, manufactures and sells long and flat steel products. The company operates through Flat Steel Products, Long Steel Products, and Coke and Chemicals segments. It offers flat steel products, including hot rolled plates, hot and cold rolled coils, galvanized coils, color coils, electrogalvanized coils, and tinplate coils.

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