Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) Short Interest Update

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 287,817 shares, an increase of 71.1% from the August 15th total of 168,194 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 151,613 shares, the short-interest ratio is currently 1.9 days.

Usinas Siderurgicas de Minas Gerais Stock Up 7.2%

USNZY opened at $1.48 on Friday. Usinas Siderurgicas de Minas Gerais has a twelve month low of $0.76 and a twelve month high of $2.35. The company’s 50-day moving average price is $1.46 and its two-hundred day moving average price is $1.55. The stock has a market cap of $810.77 million, a price-to-earnings ratio of -4.35, a PEG ratio of 0.12 and a beta of 1.47. The company has a quick ratio of 2.87, a current ratio of 4.44 and a debt-to-equity ratio of 0.26.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. As a group, equities analysts expect that Usinas Siderurgicas de Minas Gerais will post 0.28 earnings per share for the current year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA (Usiminas) is a Brazilian steel producer focused primarily on flat steel products. Its portfolio includes hot- and cold-rolled steel, galvanized steel, and other specialized products used in industries such as automotive manufacturing, construction, energy, machinery, and consumer goods.

The company operates an integrated steelmaking business that includes the production, processing, and distribution of steel. Through affiliated operations, Usiminas is also involved in iron ore mining and related logistics, supporting the supply of raw materials for its steel facilities.