Short Interest in BlueScope Steel Limited (OTCMKTS:BLSFF) Decreases By 32.4%

BlueScope Steel Limited (OTCMKTS:BLSFF) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 18,634 shares, a drop of 32.4% from the August 15th total of 27,553 shares. Based on an average trading volume of 160 shares, the days-to-cover ratio is presently 116.5 days.

BlueScope Steel Stock Performance

Shares of BLSFF opened at $22.65 on Friday. BlueScope Steel has a fifty-two week low of $14.50 and a fifty-two week high of $24.50. The business’s 50-day moving average is $22.94 and its 200-day moving average is $20.59.

BlueScope Steel Company Profile

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Coated Products Asia, Buildings and Coated Products North America, and New Zealand & Pacific Islands. It offers steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, and purlins and house framings under the LYSAGHT steel building products, COLORBOND steel, COLORSTEEL, ZINCALUME steel, GALVABOND steel, GALVASPAN steel, BlueScope Zacs, and SuperDyma brands.