Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY) Short Interest Update

Key Points

• Usinas Siderurgicas de Minas Gerais SA experienced a significant increase in short interest, rising 35.6% from 133,600 shares to 181,100 shares as of August 15th.
• The company received an upgrade from Zacks Research, changing its rating from "strong sell" to "hold," contributing to a consensus rating of "hold" among analysts.
• Despite reporting a revenue of $1.17 billion, Usinas Siderurgicas missed analysts' earnings estimate of $0.02 per share by $0.01, indicating challenges in meeting market expectations.

Usinas Siderurgicas de Minas Gerais SA (OTCMKTS:USNZY - Get Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 181,100 shares, anincreaseof35.6% from the July 31st total of 133,600 shares. Based on an average daily volume of 170,200 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 170,200 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Usinas Siderurgicas de Minas Gerais from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Usinas Siderurgicas de Minas Gerais Price Performance

USNZY opened at $0.89 on Monday. The stock has a 50-day moving average price of $0.83 and a 200-day moving average price of $0.93. Usinas Siderurgicas de Minas Gerais has a 12-month low of $0.70 and a 12-month high of $1.30. The company has a current ratio of 4.26, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $486.19 million, a P/E ratio of 17.75 and a beta of 1.41.

Usinas Siderurgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Usinas Siderurgicas de Minas Gerais had a return on equity of 1.62% and a net margin of 1.66%.The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $6.74 billion. Equities analysts predict that Usinas Siderurgicas de Minas Gerais will post 0.09 earnings per share for the current fiscal year.

Usinas Siderurgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.

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