Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 286,608 shares, an increase of 134.1% from the April 30th total of 122,435 shares. Based on an average trading volume of 538,669 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Nippon Steel & Sumitomo Metal Price Performance

Shares of NPSCY stock traded down $0.02 during trading hours on Friday, reaching $3.61. 338,674 shares of the company were exchanged, compared to its average volume of 274,552. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.45 and a fifty-two week high of $4.79. The stock’s fifty day moving average is $3.65 and its two-hundred day moving average is $3.94. The company has a market cap of $19.37 billion, a price-to-earnings ratio of -30.04 and a beta of 0.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 0.53.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced its earnings results on Wednesday, May 13th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $17.89 billion for the quarter, compared to analyst estimates of $18.20 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.