Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) Sees Significant Drop in Short Interest

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 144,861 shares, a decrease of 42.2% from the September 30th total of 250,578 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 59,922 shares, the short-interest ratio is currently 2.4 days.

Usinas Siderurgicas de Minas Gerais Price Performance

Shares of OTCMKTS USNZY opened at $0.97 on Monday. The business has a 50-day moving average of $1.39 and a 200-day moving average of $1.48. The firm has a market capitalization of $531.39 million, a price-to-earnings ratio of 4.41, a PEG ratio of 0.09 and a beta of 1.64. The company has a current ratio of 4.44, a quick ratio of 2.87 and a debt-to-equity ratio of 0.26. Usinas Siderurgicas de Minas Gerais has a 12 month low of $0.89 and a 12 month high of $2.35.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings results on Friday, October 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. Usinas Siderurgicas de Minas Gerais had a net margin of 5.96% and a return on equity of 6.26%. Sell-side analysts expect that Usinas Siderurgicas de Minas Gerais will post 0.28 earnings per share for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steelmaker focused on the production and sale of flat steel products. Its portfolio includes hot-rolled, cold-rolled, galvanized and heavy plate steel used in industries such as automotive manufacturing, construction, machinery, energy and industrial equipment.

Founded in 1956, Usiminas operates steelmaking facilities in Ipatinga, Minas Gerais, and Cubatão, São Paulo. The company also maintains activities related to iron ore mining, logistics, steel processing and the distribution of steel products, supporting its operations from raw materials through delivery to industrial customers.

Usiminas primarily serves the Brazilian market while also supplying customers in international markets.