BlueScope Steel Limited (OTCMKTS:BLSFY) Short Interest Down 82.4% in January

BlueScope Steel Limited (OTCMKTS:BLSFY) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 94 shares, a drop of 82.4% from the December 31st total of 535 shares. Based on an average daily trading volume, of 457 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 457 shares, the short-interest ratio is currently 0.2 days.

BlueScope Steel Stock Up 13.0%

Shares of BLSFY traded up $13.04 during mid-day trading on Tuesday, reaching $113.04. The company had a trading volume of 115 shares, compared to its average volume of 489. BlueScope Steel has a 52-week low of $58.05 and a 52-week high of $113.04. The stock has a 50 day moving average of $86.05 and a two-hundred day moving average of $78.67.

About BlueScope Steel

BlueScope Steel is an integrated steel producer headquartered in Melbourne, Australia, specializing in the manufacture and distribution of flat steel products and building solutions. The company’s core activities span the production of hot-rolled, cold-rolled, coated and painted steel products, as well as the design and supply of prefabricated buildings and steel framing systems. BlueScope serves a diverse customer base that includes construction, manufacturing, automotive, and distribution sectors.

Among its portfolio of branded products are COLORBOND® steel and ZINCALUME® steel, which are widely used in residential, commercial and industrial roofing and cladding applications.