Short Interest in BlueScope Steel Limited (OTCMKTS:BLSFY) Grows By 1,750.0%

BlueScope Steel Limited (OTCMKTS:BLSFY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 37 shares, an increase of 1,750.0% from the July 15th total of 2 shares. Based on an average daily volume of 126 shares, the days-to-cover ratio is currently 0.3 days.

BlueScope Steel Stock Performance

Shares of OTCMKTS BLSFY remained flat at $106.89 during mid-day trading on Tuesday. The stock had a trading volume of 11 shares, compared to its average volume of 359. BlueScope Steel has a fifty-two week low of $65.39 and a fifty-two week high of $121.37. The company’s fifty day moving average is $113.64 and its two-hundred day moving average is $106.12.

About BlueScope Steel

BlueScope Steel is an integrated steel producer headquartered in Melbourne, Australia, specializing in the manufacture and distribution of flat steel products and building solutions. The company’s core activities span the production of hot-rolled, cold-rolled, coated and painted steel products, as well as the design and supply of prefabricated buildings and steel framing systems. BlueScope serves a diverse customer base that includes construction, manufacturing, automotive, and distribution sectors.

Among its portfolio of branded products are COLORBOND® steel and ZINCALUME® steel, which are widely used in residential, commercial and industrial roofing and cladding applications.