BlueScope Steel Limited (OTCMKTS:BLSFY) Sees Large Increase in Short Interest

BlueScope Steel Limited (OTCMKTS:BLSFY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 37 shares, a growth of 1,750.0% from the July 15th total of 2 shares. Based on an average trading volume of 126 shares, the days-to-cover ratio is presently 0.3 days.

BlueScope Steel Stock Performance

Shares of BLSFY opened at $106.89 on Thursday. The business’s fifty day simple moving average is $113.48 and its two-hundred day simple moving average is $106.16. BlueScope Steel has a 12 month low of $65.39 and a 12 month high of $121.37.

About BlueScope Steel

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.