Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Stock Short Interest Report for October

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 202,389 shares, a drop of 46.9% from the September 30th total of 381,329 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 387,596 shares, the short-interest ratio is presently 0.5 days.

Nippon Steel & Sumitomo Metal Stock Down 0.9%

Shares of NPSCY traded down $0.04 during midday trading on Friday, hitting $4.18. The company had a trading volume of 167,536 shares, compared to its average volume of 187,119. Nippon Steel & Sumitomo Metal has a 1 year low of $3.32 and a 1 year high of $4.67. The firm has a market capitalization of $22.46 billion, a P/E ratio of -209.01 and a beta of 0.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.71. The company’s 50-day simple moving average is $4.29 and its 200-day simple moving average is $3.96.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $16.70 billion.

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation was a major Japanese steelmaker formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. In 2019, the company changed its name to Nippon Steel Corporation, while continuing the operations and businesses associated with the former Nippon Steel & Sumitomo Metal organization.

The company produces a broad range of steel products, including sheets, plates, bars, wire rods, pipes, tubes and specialty steels.