Short Interest in Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Grows By 109.6%

Key Points

• Short interest in Nippon Steel & Sumitomo Metal Corp. surged by 109.6% in August, reaching a total of 242,700 shares from 115,800 shares earlier in the month.
• The company reported earnings of ($0.43) per share, significantly missing the consensus estimate of $0.61 by a margin of ($1.04).
• Nippon Steel has a market capitalization of $24.31 billion and a current ratio of 1.06, indicating its liquidity position.

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 242,700 shares, a growth of 109.6% from the August 15th total of 115,800 shares. Based on an average trading volume of 138,800 shares, the short-interest ratio is presently 1.7 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 138,800 shares, the short-interest ratio is presently 1.7 days.

Nippon Steel & Sumitomo Metal Stock Performance

NPSCY traded down $0.03 on Friday, hitting $7.54. 118,834 shares of the stock traded hands, compared to its average volume of 93,946. Nippon Steel & Sumitomo Metal has a 52 week low of $6.10 and a 52 week 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 firm has a market capitalization of $24.31 billion, a PE ratio of -251.25 and a beta of 0.73. The business has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $6.88.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $13.56 billion during the quarter, compared to the consensus estimate of $13.63 billion.

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.

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