Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 189,256 shares, a growth of 92.6% from the August 15th total of 98,250 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 197,084 shares, the short-interest ratio is currently 1.0 days.
Nippon Steel & Sumitomo Metal Stock Performance
Shares of NPSCY stock traded down $0.06 on Tuesday, hitting $4.42. The company had a trading volume of 139,338 shares, compared to its average volume of 292,001. Nippon Steel & Sumitomo Metal has a twelve month low of $3.32 and a twelve month high of $4.68. The company has a quick ratio of 0.81, a current ratio of 1.71 and a debt-to-equity ratio of 0.78. The firm has a market cap of $23.75 billion, a P/E ratio of -221.00 and a beta of 0.64. The company has a 50-day moving average price of $4.12 and a 200-day moving average price of $3.80.
Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $16.70 billion.
About Nippon Steel & Sumitomo Metal
Nippon Steel & Sumitomo Metal Corporation, now known as Nippon Steel Corporation, is a major Japanese steel manufacturer. The company produces a broad range of steel products, including flat-rolled steel, plates, bars, wire products, rails, structural materials and specialty steel used in automobiles, construction, machinery, energy infrastructure and other industrial applications.
In addition to steelmaking, Nippon Steel provides related services and products through businesses involved in engineering and construction, chemicals and new materials, machinery and equipment, logistics, and information systems.
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