Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 77,375 shares, a drop of 73.0% from the May 14th total of 286,608 shares. Based on an average daily volume of 624,379 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Nippon Steel & Sumitomo Metal Stock Performance

NPSCY stock traded up $0.02 during trading on Thursday, hitting $3.43. 510,458 shares of the company’s stock traded hands, compared to its average volume of 302,182. The company has a quick ratio of 0.53, a current ratio of 1.12 and a debt-to-equity ratio of 0.51. Nippon Steel & Sumitomo Metal has a 52 week low of $3.38 and a 52 week high of $4.79. The stock has a fifty day moving average price of $3.61 and a two-hundred day moving average price of $3.90. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of -28.58 and a beta of 0.66.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.08 EPS for the quarter. The business had revenue of $17.89 billion during the quarter, compared to analyst estimates of $18.20 billion.

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.