Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 148,814 shares, a growth of 280.9% from the February 12th total of 39,065 shares. Based on an average daily volume of 447,522 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 447,522 shares, the short-interest ratio is currently 0.3 days.

Nippon Steel & Sumitomo Metal Stock Up 0.5%

Shares of Nippon Steel & Sumitomo Metal stock opened at $3.80 on Wednesday. Nippon Steel & Sumitomo Metal has a twelve month low of $3.66 and a twelve month high of $4.80. The company has a quick ratio of 0.53, a current ratio of 1.12 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $4.21 and its 200 day moving average is $4.76. The company has a market cap of $20.42 billion, a price-to-earnings ratio of -76.00 and a beta of 0.71.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its earnings results on Thursday, February 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $16.73 billion during the quarter, compared to the consensus estimate of $17.13 billion. Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.

About Nippon Steel & Sumitomo Metal

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.