Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Stock Short Interest Falls 46.9%

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 202,389 shares, a decline of 46.9% from the September 30th total of 381,329 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 387,596 shares, the short-interest ratio is presently 0.5 days.

Nippon Steel & Sumitomo Metal Stock Performance

OTCMKTS NPSCY traded up $0.06 on Monday, hitting $4.24. 112,889 shares of the company’s stock were exchanged, compared to its average volume of 273,692. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 0.81. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.32 and a fifty-two week high of $4.67. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of -212.00 and a beta of 0.61. The firm’s 50-day moving average price is $4.29 and its two-hundred day moving average price is $3.96.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $16.70 billion.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation was a major Japanese steelmaker formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. In 2019, the company changed its name to Nippon Steel Corporation, while continuing the operations and businesses associated with the former Nippon Steel & Sumitomo Metal organization.

The company produces a broad range of steel products, including sheets, plates, bars, wire rods, pipes, tubes and specialty steels.