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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 122,435 shares, an increase of 101.4% from the April 15th total of 60,806 shares. Based on an average trading volume of 662,528 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Nippon Steel & Sumitomo Metal Stock Up 0.6%

Shares of OTCMKTS NPSCY traded up $0.02 during trading on Friday, hitting $3.58. The stock had a trading volume of 222,537 shares, compared to its average volume of 305,063. Nippon Steel & Sumitomo Metal has a 12 month low of $3.50 and a 12 month high of $4.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.12 and a quick ratio of 0.53. The company has a market capitalization of $19.24 billion, a PE ratio of -71.60 and a beta of 0.68. The firm has a fifty day moving average of $3.69 and a two-hundred day moving average of $3.98.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $17.89 billion during the quarter, compared to analysts’ expectations of $18.20 billion.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation is a major Japanese steel producer formed in 2012 through the merger of Nippon Steel and Sumitomo Metal. Headquartered in Tokyo, the company operates integrated steelmaking and rolling facilities and is widely recognized as one of the largest steel manufacturers in Japan and among the leading producers globally. Its business scope spans primary steel production, downstream processing, and a range of steel-related engineering and service activities.

The company’s product offering includes a broad portfolio of steel products such as hot- and cold-rolled flat products, plates, pipes and tubes, coated steels, stainless and specialty steels, and high-strength steels tailored for automotive, machinery, construction, energy and infrastructure applications.