Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Sees Large Drop in Short Interest

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 111,091 shares, a decrease of 52.9% from the July 15th total of 236,014 shares. Based on an average trading volume of 495,576 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Nippon Steel & Sumitomo Metal Stock Performance

Nippon Steel & Sumitomo Metal stock traded down $0.01 during mid-day trading on Friday, hitting $4.28. 127,923 shares of the company’s stock traded hands, compared to its average volume of 197,882. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.78 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $3.74 and a two-hundred day simple moving average of $3.81. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.32 and a fifty-two week high of $4.79. The stock has a market cap of $23.00 billion, a price-to-earnings ratio of -214.00 and a beta of 0.66.

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