Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totaling 115,800 shares, agrowthof57.1% 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 Up 3.0%
Nippon Steel & Sumitomo Metal stock traded up $0.23 during mid-day trading on Friday, hitting $7.72. The company's stock had a trading volume of 84,339 shares, compared to its average volume of 80,768. The firm has a market capitalization of $24.88 billion, a PE ratio of -257.18 and a beta of 0.73. Nippon Steel & Sumitomo Metal has a 1 year low of $6.10 and a 1 year high of $8.00. The company has a current ratio of 1.06, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The stock's fifty day moving average is $6.72 and its two-hundred day moving average is $6.88.
Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($1.04). Nippon Steel & Sumitomo Metal had a negative return on equity of 0.61% and a negative net margin of 0.42%.The firm had revenue of $13.56 billion for the quarter, compared to analyst estimates of $13.63 billion.
Nippon Steel & Sumitomo Metal Company Profile
(
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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.
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