Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Up 134.1% in May

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 286,608 shares, a growth of 134.1% from the April 30th total of 122,435 shares. Based on an average trading volume of 538,669 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Nippon Steel & Sumitomo Metal Price Performance

OTCMKTS:NPSCY traded down $0.12 on Tuesday, reaching $3.49. The stock had a trading volume of 727,865 shares, compared to its average volume of 282,976. The company has a quick ratio of 0.53, a current ratio of 1.12 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $18.75 billion, a P/E ratio of -29.08 and a beta of 0.68. Nippon Steel & Sumitomo Metal has a 1-year low of $3.42 and a 1-year high of $4.79. The stock has a fifty day moving average price of $3.64 and a 200-day moving average price of $3.93.

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

About Nippon Steel & Sumitomo Metal

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.