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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 172,600 shares, a decrease of 28.9% from the August 31st total of 242,700 shares. Based on an average daily trading volume, of 258,900 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 258,900 shares, the short-interest ratio is currently 0.7 days.

Nippon Steel & Sumitomo Metal Price Performance

NPSCY stock opened at $4.18 on Tuesday. The company has a 50 day simple moving average of $6.93 and a 200 day simple moving average of $6.77. The stock has a market cap of $22.46 billion, a price-to-earnings ratio of -232.22 and a beta of 0.71. Nippon Steel & Sumitomo Metal has a 1 year low of $3.66 and a 1 year high of $4.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 0.51.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted 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 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

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.