Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Up 101.4% in April

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 122,435 shares, an increase of 101.4% from the April 15th total of 60,806 shares. Based on an average daily volume of 662,528 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Nippon Steel & Sumitomo Metal Stock Down 1.7%

NPSCY traded down $0.06 during trading on Monday, reaching $3.52. The company had a trading volume of 354,254 shares, compared to its average volume of 283,704. The company has a market cap of $18.92 billion, a P/E ratio of -70.40 and a beta of 0.68. Nippon Steel & Sumitomo Metal has a 12 month low of $3.50 and a 12 month high of $4.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 0.53. The business’s fifty day moving average price is $3.69 and its 200 day moving average price is $3.98.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.08 EPS for the quarter. The company had revenue of $17.89 billion for the quarter, compared to analyst estimates 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.