Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Up 134.1% in May

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 286,608 shares, an increase of 134.1% from the April 30th total of 122,435 shares. Based on an average daily trading volume, of 538,669 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Nippon Steel & Sumitomo Metal Trading Down 3.2%

OTCMKTS:NPSCY traded down $0.12 during trading hours on Monday, hitting $3.49. 727,865 shares of the stock were exchanged, compared to its average volume of 282,976. The company’s 50 day moving average is $3.64 and its two-hundred day moving average is $3.93. Nippon Steel & Sumitomo Metal has a twelve month low of $3.42 and a twelve month high of $4.79. 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 has a market capitalization of $18.75 billion, a P/E ratio of -29.08 and a beta of 0.66.

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

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.