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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 148,814 shares, a growth of 280.9% from the February 12th total of 39,065 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 447,522 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 447,522 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Nippon Steel & Sumitomo Metal Stock Up 0.5%

Nippon Steel & Sumitomo Metal stock opened at $3.80 on Wednesday. Nippon Steel & Sumitomo Metal has a 12 month low of $3.66 and a 12 month high of $4.80. The stock has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $4.76. The company has a current ratio of 1.12, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The firm has a market cap of $20.42 billion, a price-to-earnings ratio of -76.00 and a beta of 0.71.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%. The business had revenue of $16.73 billion for the quarter, compared to the consensus estimate of $17.13 billion.

About Nippon Steel & Sumitomo Metal

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.