BlueScope Steel Limited (OTCMKTS:BLSFY – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 24 shares, a decline of 40.0% from the September 30th total of 40 shares. Based on an average trading volume of 102 shares, the days-to-cover ratio is currently 0.2 days.
BlueScope Steel Stock Up 9.5%
OTCMKTS:BLSFY opened at $119.80 on Tuesday. BlueScope Steel has a 52 week low of $68.95 and a 52 week high of $121.37. The firm’s fifty day moving average is $107.23 and its 200-day moving average is $106.22.
About BlueScope Steel
BlueScope Steel Limited is an Australian steel producer and manufacturer of steel building products. The company supplies flat steel products, including hot-rolled, cold-rolled, galvanized and painted steel, as well as coated products used in construction, manufacturing, infrastructure and other industrial applications.
BlueScope also produces pre-engineered building systems, roofing and walling products, structural components and other building solutions. Its brands and products serve residential, commercial, industrial and agricultural construction markets, with operations and customers across Australia, New Zealand, North America and parts of Asia.
The company was formed in 2002 through the demerger of BHP’s coated steel products businesses and is headquartered in Melbourne, Australia.
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