Short Interest in Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Grows By 58.6%

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 25,386 shares, a growth of 58.6% from the December 15th total of 16,002 shares. Based on an average trading volume of 355,936 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 355,936 shares, the short-interest ratio is presently 0.1 days.

Nippon Steel & Sumitomo Metal Trading Down 0.7%

Shares of Nippon Steel & Sumitomo Metal stock traded down $0.03 during trading on Friday, reaching $4.21. 103,998 shares of the company were exchanged, compared to its average volume of 157,810. The business has a 50-day moving average price of $4.03 and a 200-day moving average price of $5.39. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of -233.89 and a beta of 0.75. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. Nippon Steel & Sumitomo Metal has a twelve month low of $3.66 and a twelve month high of $4.80.

Nippon Steel & Sumitomo Metal Company Profile

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.