Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Down 52.9% in July

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 111,091 shares, a decline of 52.9% from the July 15th total of 236,014 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 495,576 shares, the days-to-cover ratio is currently 0.2 days.

Nippon Steel & Sumitomo Metal Stock Down 0.2%

NPSCY traded down $0.01 on Friday, hitting $4.28. 127,923 shares of the company were exchanged, compared to its average volume of 197,882. Nippon Steel & Sumitomo Metal has a 12 month low of $3.32 and a 12 month high of $4.79. The company has a market cap of $23.00 billion, a PE ratio of -214.00 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.85 and a current ratio of 1.78. The stock’s fifty day moving average is $3.74 and its 200-day moving average is $3.81.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $16.70 billion.

About Nippon Steel & Sumitomo Metal

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.