Short Interest in Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Decreases By 40.0%

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 61,400 shares, a decline of 40.0% from the February 29th total of 102,400 shares. Based on an average daily volume of 379,600 shares, the short-interest ratio is presently 0.2 days.

Usinas Siderúrgicas de Minas Gerais Price Performance

OTCMKTS:USNZY traded down $0.05 during mid-day trading on Friday, hitting $1.95. 3,992 shares of the company traded hands, compared to its average volume of 147,135. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 3.25. The stock’s fifty day moving average price is $1.96 and its 200-day moving average price is $1.66. Usinas Siderúrgicas de Minas Gerais has a one year low of $1.10 and a one year high of $2.23.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.15. Usinas Siderúrgicas de Minas Gerais had a return on equity of 10.51% and a net margin of 8.90%. The company had revenue of $1.37 billion during the quarter. Analysts predict that Usinas Siderúrgicas de Minas Gerais will post 0.25 earnings per share for the current year.

Usinas Siderúrgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.