Short Interest in Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Increases By 92.6%

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 189,256 shares, a growth of 92.6% from the August 15th total of 98,250 shares. Based on an average daily trading volume, of 197,084 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the shares of the company are sold short.

Nippon Steel & Sumitomo Metal Stock Performance

NPSCY traded down $0.06 on Tuesday, reaching $4.42. The stock had a trading volume of 139,338 shares, compared to its average volume of 292,001. Nippon Steel & Sumitomo Metal has a 12-month low of $3.32 and a 12-month high of $4.68. The company has a current ratio of 1.71, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $4.12 and its two-hundred day moving average price is $3.80. The company has a market cap of $23.75 billion, a P/E ratio of -221.00 and a beta of 0.64.

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

About Nippon Steel & Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation, now known as Nippon Steel Corporation, is a major Japanese steel manufacturer. The company produces a broad range of steel products, including flat-rolled steel, plates, bars, wire products, rails, structural materials and specialty steel used in automobiles, construction, machinery, energy infrastructure and other industrial applications.

In addition to steelmaking, Nippon Steel provides related services and products through businesses involved in engineering and construction, chemicals and new materials, machinery and equipment, logistics, and information systems.