Short Interest in Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Decreases By 14.1%

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 39,065 shares, a drop of 14.1% from the January 29th total of 45,490 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 272,957 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 272,957 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Nippon Steel & Sumitomo Metal Stock Performance

Shares of NPSCY stock opened at $3.83 on Friday. Nippon Steel & Sumitomo Metal has a 12-month low of $3.66 and a 12-month high of $4.80. The business’s fifty day simple moving average is $4.22 and its 200-day simple moving average is $4.85. The company has a current ratio of 1.12, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company has a market cap of $20.58 billion, a PE ratio of -76.58 and a beta of 0.71.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.The business had revenue of $16.73 billion for the quarter, compared to analysts’ expectations of $17.13 billion.

Nippon Steel & Sumitomo Metal Company Profile

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.