Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) Shares Shorted: Short Interest Down 40.1% in September

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 172,497 shares, a decrease of 40.1% from the August 31st total of 287,817 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 114,498 shares, the short-interest ratio is presently 1.5 days.

Usinas Siderurgicas de Minas Gerais Stock Performance

Shares of USNZY stock opened at $1.43 on Thursday. The company has a 50 day moving average price of $1.42 and a 200-day moving average price of $1.56. Usinas Siderurgicas de Minas Gerais has a 52 week low of $0.76 and a 52 week high of $2.35. The firm has a market capitalization of $783.38 million, a PE ratio of -4.21, a P/E/G ratio of 0.13 and a beta of 1.47. The company has a quick ratio of 2.87, a current ratio of 4.44 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. As a group, equities research analysts expect that Usinas Siderurgicas de Minas Gerais will post 0.28 earnings per share for the current year.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steel producer focused primarily on flat steel products. Its portfolio includes hot- and cold-rolled steel, galvanized steel, and other specialized products used in industries such as automotive manufacturing, construction, energy, machinery, and consumer goods.

The company operates an integrated steelmaking business that includes the production, processing, and distribution of steel. Through affiliated operations, Usiminas is also involved in iron ore mining and related logistics, supporting the supply of raw materials for its steel facilities.