Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) Shares Shorted: Short Interest Down 42.2% in October

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 144,861 shares, a drop of 42.2% from the September 30th total of 250,578 shares. Based on an average daily volume of 59,922 shares, the short-interest ratio is presently 2.4 days. Approximately 0.0% of the company’s shares are sold short.

Usinas Siderurgicas de Minas Gerais Price Performance

Shares of OTCMKTS USNZY opened at $0.93 on Tuesday. Usinas Siderurgicas de Minas Gerais has a 1 year low of $0.86 and a 1 year high of $2.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.44 and a quick ratio of 2.87. The company’s 50-day moving average is $1.38 and its 200 day moving average is $1.47. The stock has a market capitalization of $506.73 million, a P/E ratio of 4.20, a P/E/G ratio of 0.10 and a beta of 1.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings results on Friday, October 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. On average, sell-side analysts expect that Usinas Siderurgicas de Minas Gerais will post 0.28 earnings per share for the current year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steelmaker focused on the production and sale of flat steel products. Its portfolio includes hot-rolled, cold-rolled, galvanized and heavy plate steel used in industries such as automotive manufacturing, construction, machinery, energy and industrial equipment.

Founded in 1956, Usiminas operates steelmaking facilities in Ipatinga, Minas Gerais, and Cubatão, São Paulo. The company also maintains activities related to iron ore mining, logistics, steel processing and the distribution of steel products, supporting its operations from raw materials through delivery to industrial customers.

Usiminas primarily serves the Brazilian market while also supplying customers in international markets.