Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Down 73.0% in May

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 77,375 shares, a decline of 73.0% from the May 14th total of 286,608 shares. Based on an average daily trading volume, of 624,379 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Nippon Steel & Sumitomo Metal Price Performance

Shares of Nippon Steel & Sumitomo Metal stock traded up $0.07 during trading on Friday, reaching $3.52. The company’s stock had a trading volume of 272,124 shares, compared to its average volume of 376,069. The company has a quick ratio of 0.53, a current ratio of 1.12 and a debt-to-equity ratio of 0.51. Nippon Steel & Sumitomo Metal has a 12-month low of $3.38 and a 12-month high of $4.79. The company has a market capitalization of $18.92 billion, a P/E ratio of -29.33 and a beta of 0.66. The business has a 50 day moving average price of $3.60 and a 200-day moving average price of $3.90.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $17.89 billion during the quarter, compared to analysts’ expectations of $18.20 billion.

About Nippon Steel & Sumitomo Metal

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.