Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Short Interest Down 26.3% in April

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 61,600 shares, a drop of 26.3% from the March 31st total of 83,600 shares. Based on an average daily trading volume, of 158,800 shares, the short-interest ratio is currently 0.4 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

USNZY traded down $0.04 during trading on Monday, reaching $1.57. 128,700 shares of the stock traded hands, compared to its average volume of 98,594. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.25 and a quick ratio of 1.89. The stock’s 50-day simple moving average is $1.98 and its two-hundred day simple moving average is $1.75. Usinas Siderúrgicas de Minas Gerais has a fifty-two week low of $1.10 and a fifty-two week high of $2.23.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last issued its earnings results on Friday, February 9th. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.15. The company had revenue of $1.37 billion during the quarter. Usinas Siderúrgicas de Minas Gerais had a net margin of 7.65% and a return on equity of 8.74%. Equities research analysts anticipate that Usinas Siderúrgicas de Minas Gerais will post 0.25 EPS for the current year.

Usinas Siderúrgicas de Minas Gerais Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, April 29th will be given a dividend of $0.0498 per share. The ex-dividend date of this dividend is Friday, April 26th. Usinas Siderúrgicas de Minas Gerais’s dividend payout ratio (DPR) is currently 10.64%.

About Usinas Siderúrgicas de Minas Gerais

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.