Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 236,014 shares, a drop of 51.0% from the June 30th total of 481,810 shares. Based on an average daily volume of 1,035,052 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Nippon Steel & Sumitomo Metal Price Performance

NPSCY stock traded up $0.11 during trading on Tuesday, hitting $4.06. The stock had a trading volume of 182,734 shares, compared to its average volume of 328,875. The company’s 50-day moving average price is $3.53 and its two-hundred day moving average price is $3.80. Nippon Steel & Sumitomo Metal has a twelve month low of $3.32 and a twelve month high of $4.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.78 and a quick ratio of 0.85. The stock has a market capitalization of $21.82 billion, a P/E ratio of -33.83 and a beta of 0.68.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced its quarterly earnings results 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.

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.