BlueScope Steel Limited (OTCMKTS:BLSFY) Short Interest Up 5,050.0% in June

BlueScope Steel Limited (OTCMKTS:BLSFY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 103 shares, an increase of 5,050.0% from the June 15th total of 2 shares. Based on an average daily trading volume, of 97 shares, the days-to-cover ratio is presently 1.1 days.

BlueScope Steel Price Performance

OTCMKTS BLSFY remained flat at $111.72 on Friday. 34 shares of the company traded hands, compared to its average volume of 356. BlueScope Steel has a 1-year low of $65.39 and a 1-year high of $121.37. The firm’s fifty day simple moving average is $113.55 and its 200 day simple moving average is $103.32.

BlueScope Steel Company Profile

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.