BlueScope Steel Limited (OTCMKTS:BLSFF) Sees Significant Increase in Short Interest

BlueScope Steel Limited (OTCMKTS:BLSFF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 20,354 shares, a growth of 79.0% from the June 30th total of 11,374 shares. Based on an average daily trading volume, of 52 shares, the short-interest ratio is presently 391.4 days.

BlueScope Steel Stock Performance

OTCMKTS:BLSFF opened at $22.44 on Friday. The company’s 50 day moving average price is $21.07 and its 200-day moving average price is $19.98. BlueScope Steel has a 52 week low of $14.50 and a 52 week high of $22.79.

About BlueScope Steel

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Coated Products Asia, Buildings and Coated Products North America, and New Zealand & Pacific Islands. It offers steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, and purlins and house framings under the LYSAGHT steel building products, COLORBOND steel, COLORSTEEL, ZINCALUME steel, GALVABOND steel, GALVASPAN steel, BlueScope Zacs, and SuperDyma brands.