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

BlueScope Steel Limited (OTCMKTS:BLSFY) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 103 shares, an increase of 5,050.0% from the June 15th total of 2 shares. Based on an average daily trading volume, of 97 shares, the short-interest ratio is currently 1.1 days.

BlueScope Steel Price Performance

BLSFY stock remained flat at $111.72 during midday trading on Friday. 8 shares of the company’s stock were exchanged, compared to its average volume of 356. The stock’s 50 day simple moving average is $113.64 and its 200-day simple moving average is $103.38. BlueScope Steel has a 1 year low of $65.39 and a 1 year high of $121.37.

About BlueScope Steel

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.