Short Interest in BlueScope Steel Limited (OTCMKTS:BLSFY) Drops By 99.2%

BlueScope Steel Limited (OTCMKTS:BLSFY) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 2 shares, a decline of 99.2% from the April 30th total of 246 shares. Based on an average daily trading volume, of 140 shares, the days-to-cover ratio is presently 0.0 days.

BlueScope Steel Price Performance

Shares of BlueScope Steel stock remained flat at $111.72 during trading hours on Wednesday. The stock had a trading volume of 30 shares, compared to its average volume of 306. The stock has a fifty day moving average of $101.93 and a 200 day moving average of $94.06. BlueScope Steel has a 12 month low of $65.39 and a 12 month high of $113.30.

BlueScope Steel Company Profile

BlueScope Steel is an integrated steel producer headquartered in Melbourne, Australia, specializing in the manufacture and distribution of flat steel products and building solutions. The company’s core activities span the production of hot-rolled, cold-rolled, coated and painted steel products, as well as the design and supply of prefabricated buildings and steel framing systems. BlueScope serves a diverse customer base that includes construction, manufacturing, automotive, and distribution sectors.

Among its portfolio of branded products are COLORBOND® steel and ZINCALUME® steel, which are widely used in residential, commercial and industrial roofing and cladding applications.