Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Sees Significant Drop in Short Interest

Posted by Latisha Jones on Apr 29th, 2024

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY – Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 61,600 shares, a decline of 26.3% from the March 31st total of 83,600 shares. Based on an average trading volume of 158,800 shares, the days-to-cover ratio is currently 0.4 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

Shares of USNZY stock traded down $0.04 during mid-day trading on Monday, reaching $1.57. The stock had a trading volume of 128,700 shares, compared to its average volume of 98,594. Usinas Siderúrgicas de Minas Gerais has a 12-month low of $1.10 and a 12-month high of $2.23. The company has a current ratio of 3.25, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $1.98 and a 200 day simple moving average of $1.75.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY – Get Free Report) last announced its earnings results on Friday, February 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.15. The company had revenue of $1.37 billion during the quarter. Usinas Siderúrgicas de Minas Gerais had a net margin of 7.65% and a return on equity of 8.74%. Research analysts expect that Usinas Siderúrgicas de Minas Gerais will post 0.25 EPS for the current year.

Usinas Siderúrgicas de Minas Gerais Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, April 29th will be issued a dividend of $0.0498 per share. The ex-dividend date of this dividend is Friday, April 26th. Usinas Siderúrgicas de Minas Gerais’s dividend payout ratio (DPR) is presently 10.64%.

Usinas Siderúrgicas de Minas Gerais Company Profile

(Get Free Report)

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.