BlueScope Steel Limited (OTCMKTS:BLSFF) Sees Significant Decline in Short Interest

BlueScope Steel Limited (OTCMKTS:BLSFF) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 11,374 shares, a decrease of 79.6% from the June 15th total of 55,830 shares. Based on an average daily volume of 103 shares, the short-interest ratio is currently 110.4 days.

BlueScope Steel Stock Performance

Shares of BlueScope Steel stock remained flat at $22.44 on Friday. BlueScope Steel has a 1 year low of $14.50 and a 1 year high of $22.79. The company has a 50 day simple moving average of $20.29 and a 200-day simple moving average of $19.35.

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. It offers steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, and purlins and house framings under the LYSAGHT steel building products, COLORBOND steel, COLORSTEEL, ZINCALUME steel, GALVABOND steel, GALVASPAN steel, BlueScope Zacs, and SuperDyma brands.