BlueScope Steel Limited (OTCMKTS:BLSFY) Sees Significant Drop in Short Interest

BlueScope Steel Limited (OTCMKTS:BLSFY) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 24 shares, a decline of 40.0% from the September 30th total of 40 shares. Based on an average daily trading volume, of 102 shares, the days-to-cover ratio is currently 0.2 days.

BlueScope Steel Price Performance

OTCMKTS BLSFY traded up $10.40 during trading on Monday, reaching $119.80. The company’s stock had a trading volume of 160 shares, compared to its average volume of 331. The firm has a fifty day moving average of $106.97 and a 200 day moving average of $106.12. BlueScope Steel has a one year low of $68.95 and a one year high of $121.37.

BlueScope Steel Company Profile

BlueScope Steel Limited is an Australian steel producer and manufacturer of steel building products. The company supplies flat steel products, including hot-rolled, cold-rolled, galvanized and painted steel, as well as coated products used in construction, manufacturing, infrastructure and other industrial applications.

BlueScope also produces pre-engineered building systems, roofing and walling products, structural components and other building solutions. Its brands and products serve residential, commercial, industrial and agricultural construction markets, with operations and customers across Australia, New Zealand, North America and parts of Asia.

The company was formed in 2002 through the demerger of BHP’s coated steel products businesses and is headquartered in Melbourne, Australia.