Short Interest in Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Increases By 597.7%

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 481,810 shares, a growth of 597.7% from the June 15th total of 69,056 shares. Based on an average daily trading volume, of 907,665 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Nippon Steel & Sumitomo Metal Stock Performance

NPSCY stock traded down $0.01 during mid-day trading on Friday, reaching $3.48. The company had a trading volume of 423,833 shares, compared to its average volume of 433,673. Nippon Steel & Sumitomo Metal has a one year low of $3.32 and a one year high of $4.79. The stock has a market capitalization of $18.70 billion, a P/E ratio of -29.00 and a beta of 0.68. The company has a quick ratio of 0.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.77. The stock’s 50-day simple moving average is $3.52 and its two-hundred day simple moving average is $3.83.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.08 EPS for the quarter. The firm had revenue of $17.89 billion for the quarter, compared to the consensus estimate of $18.20 billion.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.

The company’s product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.