Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Up 597.7% in June

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCYGet Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 481,810 shares, a growth of 597.7% from the June 15th total of 69,056 shares. Based on an average daily trading volume, of 907,665 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Nippon Steel & Sumitomo Metal Stock Performance

NPSCY traded down $0.01 during trading hours on Friday, hitting $3.48. The company’s stock had a trading volume of 423,833 shares, compared to its average volume of 433,673. Nippon Steel & Sumitomo Metal has a fifty-two week low of $3.32 and a fifty-two week high of $4.79. The company has a current ratio of 1.78, a quick ratio of 0.85 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $18.70 billion, a PE ratio of -29.00 and a beta of 0.68. The company has a 50-day simple moving average of $3.52 and a 200 day simple moving average of $3.83.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCYGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $17.89 billion for the quarter, compared to analyst estimates of $18.20 billion.

About Nippon Steel & Sumitomo Metal

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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.

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