Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 286,608 shares, an increase of 134.1% from the April 30th total of 122,435 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 538,669 shares, the short-interest ratio is presently 0.5 days.

Nippon Steel & Sumitomo Metal Trading Down 0.4%

Nippon Steel & Sumitomo Metal stock traded down $0.02 during mid-day trading on Friday, hitting $3.61. The stock had a trading volume of 338,674 shares, compared to its average volume of 274,552. The stock has a 50-day simple moving average of $3.65 and a two-hundred day simple moving average of $3.94. The stock has a market capitalization of $19.37 billion, a PE ratio of -30.04 and a beta of 0.68. Nippon Steel & Sumitomo Metal has a 12 month low of $3.45 and a 12 month high of $4.79. The company has a current ratio of 1.12, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

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