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

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 172,497 shares, a drop of 40.1% from the August 31st total of 287,817 shares. Based on an average daily trading volume, of 114,498 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.0% of the shares of the stock are short sold.

Usinas Siderurgicas de Minas Gerais Price Performance

Shares of OTCMKTS:USNZY opened at $1.44 on Friday. The firm has a 50 day moving average of $1.42 and a 200-day moving average of $1.56. Usinas Siderurgicas de Minas Gerais has a 12 month low of $0.76 and a 12 month high of $2.35. The company has a current ratio of 4.44, a quick ratio of 2.87 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $788.86 million, a PE ratio of -4.24, a PEG ratio of 0.13 and a beta of 1.44.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY) last posted 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. Usinas Siderurgicas de Minas Gerais had a negative net margin of 8.87% and a positive return on equity of 5.49%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, equities research analysts predict that Usinas Siderurgicas de Minas Gerais will post 0.28 EPS for the current fiscal year.

About Usinas Siderurgicas de Minas Gerais

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.