Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Down 77.2% in December

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 16,002 shares, a decline of 77.2% from the November 30th total of 70,178 shares. Based on an average trading volume of 252,266 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 252,266 shares, the short-interest ratio is currently 0.1 days.

Nippon Steel & Sumitomo Metal Stock Up 1.5%

OTCMKTS:NPSCY traded up $0.06 during mid-day trading on Friday, reaching $4.05. The stock had a trading volume of 105,642 shares, compared to its average volume of 240,169. The stock has a market cap of $21.76 billion, a P/E ratio of -225.00 and a beta of 0.75. The business’s 50 day moving average is $4.04 and its 200 day moving average is $5.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.54. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.66 and a fifty-two week high of $4.80.

Nippon Steel & Sumitomo Metal Company Profile

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.