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

Key Points

• Nippon Steel & Sumitomo Metal Corp. experienced a significant decline in short interest, down 51.6% in July, with total short interest falling to 73,700 shares.
• The company reported a $0.43 EPS loss for the quarter, missing the consensus estimate of $0.61 by $1.04, and had revenues of $13.56 billion, slightly below analyst expectations.
• Nippon Steel's market cap stands at $22.21 billion and its shares traded at $6.89, with a 52-week range between $6.10 and $8.00.

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 73,700 shares, adeclineof51.6% from the July 15th total of 152,300 shares. Based on an average daily trading volume, of 369,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average daily trading volume, of 369,100 shares, the days-to-cover ratio is presently 0.2 days.

Nippon Steel & Sumitomo Metal Stock Up 1.7%

Nippon Steel & Sumitomo Metal stock traded up $0.1160 during trading on Friday, hitting $7.1050. 30,417 shares of the company were exchanged, compared to its average volume of 167,925. The business's 50 day moving average is $6.53 and its 200 day moving average is $6.89. Nippon Steel & Sumitomo Metal has a 52 week low of $6.10 and a 52 week high of $8.00. The company has a market capitalization of $22.91 billion, a P/E ratio of -236.75 and a beta of 0.80. The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($1.04). Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%. The business had revenue of $13.56 billion during the quarter, compared to the consensus estimate of $13.63 billion.

About Nippon Steel & Sumitomo Metal

Nippon Steel Corporation engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally. The company offers steel plates, sheets, and slags; bar and rod materials; structural steel; pipes and tubes; titanium and stainless products; and railway, automotive, and machinery parts for applications in automotive, energy, infrastructure, and consumer electronics markets.