Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Down 51.0% in July

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 236,014 shares, a decline of 51.0% from the June 30th total of 481,810 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,035,052 shares, the days-to-cover ratio is currently 0.2 days.

Nippon Steel & Sumitomo Metal Stock Performance

Shares of Nippon Steel & Sumitomo Metal stock traded up $0.11 during trading hours on Tuesday, hitting $4.06. 182,734 shares of the company were exchanged, compared to its average volume of 328,875. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of -33.83 and a beta of 0.68. The business has a 50-day moving average of $3.53 and a 200-day moving average of $3.80. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 0.77. Nippon Steel & Sumitomo Metal has a 1 year low of $3.32 and a 1 year high of $4.79.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its earnings results on Wednesday, May 13th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $17.89 billion for the quarter, compared to analyst estimates of $18.20 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.