Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Sees Significant Increase in Short Interest

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 481,810 shares, a growth of 597.7% from the June 15th total of 69,056 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 907,665 shares, the short-interest ratio is currently 0.5 days.

Nippon Steel & Sumitomo Metal Trading Up 1.4%

Shares of OTCMKTS:NPSCY traded up $0.05 during trading on Monday, reaching $3.53. The stock had a trading volume of 171,002 shares, compared to its average volume of 328,772. The firm’s fifty day moving average is $3.52 and its 200 day moving average is $3.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.85 and a current ratio of 1.78. Nippon Steel & Sumitomo Metal has a 52 week low of $3.32 and a 52 week high of $4.79. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of -29.42 and a beta of 0.68.

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

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.