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

BlueScope Steel Limited (OTCMKTS:BLSFY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 210 shares, a growth of 388.4% from the November 30th total of 43 shares. Based on an average daily volume of 297 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 297 shares, the days-to-cover ratio is currently 0.7 days.

BlueScope Steel Price Performance

Shares of BLSFY stock opened at $81.24 on Friday. BlueScope Steel has a 12-month low of $56.42 and a 12-month high of $82.12. The firm has a 50-day moving average price of $74.92 and a 200 day moving average price of $75.42.

BlueScope Steel Company Profile

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.