Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Sees Significant Growth in Short Interest

Key Points

• Nippon Steel & Sumitomo Metal Corp. saw a significant increase in short interest, with a growth of 57.1% to 115,800 shares in August.
• The company's stock price increased by 3.0% to $7.72, with a trading volume of 84,339 shares.
• Nippon Steel reported a quarterly EPS of ($0.43), missing analysts' estimates of $0.61 by $1.04, with quarterly revenue of $13.56 billion.

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 115,800 shares, an increase of 57.1% from the July 31st total of 73,700 shares. Based on an average daily volume of 213,300 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 213,300 shares, the short-interest ratio is presently 0.5 days.

Nippon Steel & Sumitomo Metal Trading Down 0.4%

NPSCY traded down $0.03 during trading on Friday, reaching $7.54. 118,834 shares of the company's stock were exchanged, compared to its average volume of 163,722. The firm has a market capitalization of $24.31 billion, a PE ratio of -251.25 and a beta of 0.73. Nippon Steel & Sumitomo Metal has a fifty-two week low of $6.10 and a fifty-two week high of $8.00. The company's fifty day moving average price is $6.82 and its 200-day moving average price is $6.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 1.06.

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

Nippon Steel & Sumitomo Metal Company Profile

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.