Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Sees Significant Decline in Short Interest

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 61,600 shares, a decline of 26.3% from the March 31st total of 83,600 shares. Based on an average daily volume of 158,800 shares, the days-to-cover ratio is presently 0.4 days.

Usinas Siderúrgicas de Minas Gerais Stock Up 1.0 %

USNZY stock opened at $1.57 on Friday. Usinas Siderúrgicas de Minas Gerais has a 12 month low of $1.10 and a 12 month high of $2.23. The company has a 50-day moving average price of $1.98 and a 200 day moving average price of $1.75. The company has a quick ratio of 1.89, a current ratio of 3.25 and a debt-to-equity ratio of 0.25.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last released its earnings results on Friday, February 9th. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.15. The business had revenue of $1.37 billion during the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 8.74% and a net margin of 7.65%. On average, equities analysts expect that Usinas Siderúrgicas de Minas Gerais will post 0.25 EPS for the current fiscal year.

Usinas Siderúrgicas de Minas Gerais Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, April 29th will be paid a $0.0498 dividend. The ex-dividend date of this dividend is Friday, April 26th. Usinas Siderúrgicas de Minas Gerais’s dividend payout ratio is currently 12.77%.

Usinas Siderúrgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.