BlueScope Steel Limited (OTCMKTS:BLSFY) Sees Large Increase in Short Interest

BlueScope Steel Limited (OTCMKTS:BLSFY) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 800 shares, a growth of 166.7% from the September 15th total of 300 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is presently 0.5 days.

BlueScope Steel Stock Up 0.6%

OTCMKTS BLSFY opened at $65.79 on Tuesday. BlueScope Steel has a 52 week low of $56.42 and a 52 week high of $82.12. The company has a 50-day moving average price of $74.01 and a 200-day moving average price of $74.18.

BlueScope Steel Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.4827 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a dividend yield of 233.0%.

About BlueScope Steel

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Coated Products Asia, Buildings and Coated Products North America, and New Zealand & Pacific Islands.