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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totaling 115,800 shares, anincreaseof57.1% from the July 31st total of 73,700 shares. Based on an average daily trading volume, of 213,300 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 213,300 shares, the days-to-cover ratio is currently 0.5 days.

Nippon Steel & Sumitomo Metal Price Performance

Shares of Nippon Steel & Sumitomo Metal stock traded up $0.13 on Monday, hitting $7.85. 53,605 shares of the company traded hands, compared to its average volume of 163,535. The firm’s 50-day simple moving average is $6.72 and its 200 day simple moving average is $6.87. 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 company has a market cap of $25.31 billion, a P/E ratio of -261.58 and a beta of 0.73. Nippon Steel & Sumitomo Metal has a 12-month low of $6.10 and a 12-month high of $8.00.

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). The company had revenue of $13.56 billion for the quarter, compared to analysts’ expectations of $13.63 billion. Nippon Steel & Sumitomo Metal had a negative net margin of 0.42% and a negative return on equity of 0.61%.

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.