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

BlueScope Steel Limited (OTCMKTS:BLSFF – Get Free Report) was the target of a large decrease in short interest in 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 presently 110.4 days.

BlueScope Steel Stock Performance

Shares of OTCMKTS BLSFF remained flat at $22.44 during midday trading on Friday. The firm has a 50-day simple moving average of $20.29 and a 200-day simple moving average of $19.35. BlueScope Steel has a 52 week low of $14.50 and a 52 week high of $22.79.

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About BlueScope Steel

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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.

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