BlueScope Steel Limited (OTCMKTS:BLSFY) Sees Large Decline in Short Interest

BlueScope Steel Limited (OTCMKTS:BLSFY) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 2 shares, a drop of 98.1% from the June 30th total of 103 shares. Based on an average daily trading volume, of 103 shares, the short-interest ratio is currently 0.0 days.

BlueScope Steel Stock Performance

OTCMKTS:BLSFY remained flat at $106.89 during trading hours on Friday. The company’s stock had a trading volume of 488 shares, compared to its average volume of 359. The firm has a 50-day moving average price of $114.39 and a 200-day moving average price of $105.50. BlueScope Steel has a 1-year low of $65.39 and a 1-year high of $121.37.

BlueScope Steel Company Profile

BlueScope Steel is an integrated steel producer headquartered in Melbourne, Australia, specializing in the manufacture and distribution of flat steel products and building solutions. The company’s core activities span the production of hot-rolled, cold-rolled, coated and painted steel products, as well as the design and supply of prefabricated buildings and steel framing systems. BlueScope serves a diverse customer base that includes construction, manufacturing, automotive, and distribution sectors.

Among its portfolio of branded products are COLORBOND® steel and ZINCALUME® steel, which are widely used in residential, commercial and industrial roofing and cladding applications.