Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Down 77.2% in December

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 16,002 shares, a decline of 77.2% from the November 30th total of 70,178 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 252,266 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 252,266 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Nippon Steel & Sumitomo Metal Trading Up 1.0%

Shares of Nippon Steel & Sumitomo Metal stock traded up $0.04 during trading hours on Thursday, hitting $3.99. The company’s stock had a trading volume of 132,668 shares, compared to its average volume of 145,459. The business has a fifty day moving average of $4.04 and a 200 day moving average of $5.66. Nippon Steel & Sumitomo Metal has a 1-year low of $3.66 and a 1-year high of $4.80. The company has a quick ratio of 0.54, a current ratio of 1.15 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.44 billion, a PE ratio of -221.67 and a beta of 0.75.

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.