Short Interest in BlueScope Steel Limited (OTCMKTS:BLSFY) Drops By 98.1%

BlueScope Steel Limited (OTCMKTS:BLSFY) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2 shares, a decrease of 98.1% from the June 30th total of 103 shares. Based on an average daily volume of 103 shares, the days-to-cover ratio is presently 0.0 days.

BlueScope Steel Stock Performance

BLSFY opened at $106.89 on Friday. The firm has a 50-day moving average price of $114.40 and a 200-day moving average price of $105.51. BlueScope Steel has a twelve month low of $65.39 and a twelve month high of $121.37.

BlueScope Steel Company Profile

BlueScope Steel is an integrated steel producer headquartered in Melbourne, Australia, specializing in the manufacture and distribution of flat steel products and building solutions. The company’s core activities span the production of hot-rolled, cold-rolled, coated and painted steel products, as well as the design and supply of prefabricated buildings and steel framing systems. BlueScope serves a diverse customer base that includes construction, manufacturing, automotive, and distribution sectors.

Among its portfolio of branded products are COLORBOND® steel and ZINCALUME® steel, which are widely used in residential, commercial and industrial roofing and cladding applications.