Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 236,014 shares, a decrease of 51.0% from the June 30th total of 481,810 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,035,052 shares, the short-interest ratio is currently 0.2 days.

Nippon Steel & Sumitomo Metal Trading Up 1.2%

OTCMKTS:NPSCY traded up $0.05 during trading hours on Thursday, hitting $4.20. 125,787 shares of the company were exchanged, compared to its average volume of 326,853. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of -35.00 and a beta of 0.68. Nippon Steel & Sumitomo Metal has a one year low of $3.32 and a one year high of $4.79. The company has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $3.80. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 0.77.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.08 EPS for the quarter. The company 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.