Companhia Siderúrgica Nacional (NYSE:SID) Short Interest Update

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 10,310,000 shares, a drop of 14.8% from the March 15th total of 12,100,000 shares. Currently, 0.8% of the company's shares are short sold. Based on an average daily volume of 2,300,000 shares, the short-interest ratio is presently 4.5 days.

Analyst Ratings Changes

Separately, UBS Group started coverage on Companhia Siderúrgica Nacional in a research report on Wednesday, March 12th. They issued a "sell" rating and a $1.30 price target on the stock.

Companhia Siderúrgica Nacional Trading Up 0.9 %

Shares of NYSE SID traded up $0.02 during midday trading on Friday, reaching $1.69. The stock had a trading volume of 2,831,864 shares, compared to its average volume of 2,063,883. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -11.23 and a beta of 1.82. The company's 50 day moving average price is $1.57 and its 200 day moving average price is $1.69. Companhia Siderúrgica Nacional has a twelve month low of $1.27 and a twelve month high of $2.86.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last issued its earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $11.85 billion. Companhia Siderúrgica Nacional had a negative return on equity of 5.79% and a negative net margin of 2.37%. As a group, sell-side analysts expect that Companhia Siderúrgica Nacional will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Companhia Siderúrgica Nacional by 48,194.9% during the third quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company's stock valued at $1,056,000 after purchasing an additional 440,983 shares during the period. SBI Securities Co. Ltd. bought a new position in Companhia Siderúrgica Nacional in the fourth quarter worth approximately $35,000. Pinnacle Wealth Planning Services Inc. grew its stake in Companhia Siderúrgica Nacional by 41.3% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 9,314 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Companhia Siderúrgica Nacional by 256.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 56,327 shares of the basic materials company's stock valued at $81,000 after acquiring an additional 40,511 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Companhia Siderúrgica Nacional by 4.2% during the fourth quarter. American Century Companies Inc. now owns 2,173,564 shares of the basic materials company's stock worth $3,130,000 after purchasing an additional 87,403 shares during the period.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.