Short Interest in Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Expands By 64.8%

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 41,839 shares, an increase of 64.8% from the December 31st total of 25,386 shares. Based on an average trading volume of 322,117 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 322,117 shares, the short-interest ratio is currently 0.1 days.

Nippon Steel & Sumitomo Metal Stock Performance

OTCMKTS:NPSCY opened at $4.21 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.54 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $4.08 and a 200 day simple moving average of $5.23. Nippon Steel & Sumitomo Metal has a 1-year low of $3.66 and a 1-year high of $4.80. The stock has a market cap of $22.62 billion, a P/E ratio of -233.89 and a beta of 0.75.

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.