Short Interest in Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) Grows By 71.1%

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 287,817 shares, a growth of 71.1% from the August 15th total of 168,194 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 151,613 shares, the short-interest ratio is currently 1.9 days.

Usinas Siderurgicas de Minas Gerais Stock Up 1.8%

Shares of USNZY opened at $1.41 on Thursday. Usinas Siderurgicas de Minas Gerais has a one year low of $0.76 and a one year high of $2.35. The stock has a market capitalization of $769.96 million, a price-to-earnings ratio of -4.13, a PEG ratio of 0.13 and a beta of 1.47. The stock has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.87 and a current ratio of 4.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. Equities research analysts forecast that Usinas Siderurgicas de Minas Gerais will post 0.28 earnings per share for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steel producer focused primarily on flat steel products. Its portfolio includes hot- and cold-rolled steel, galvanized steel, and other specialized products used in industries such as automotive manufacturing, construction, energy, machinery, and consumer goods.

The company operates an integrated steelmaking business that includes the production, processing, and distribution of steel. Through affiliated operations, Usiminas is also involved in iron ore mining and related logistics, supporting the supply of raw materials for its steel facilities.