Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 202,389 shares, a drop of 46.9% from the September 30th total of 381,329 shares. Based on an average daily volume of 387,596 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.
Nippon Steel & Sumitomo Metal Stock Down 0.9%
Shares of Nippon Steel & Sumitomo Metal stock traded down $0.04 during trading on Friday, hitting $4.18. 167,536 shares of the stock traded hands, compared to its average volume of 187,119. The stock has a market cap of $22.46 billion, a P/E ratio of -209.01 and a beta of 0.61. The company has a fifty day moving average price of $4.29 and a two-hundred day moving average price of $3.96. Nippon Steel & Sumitomo Metal has a twelve month low of $3.32 and a twelve month high of $4.67. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.71.
Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $16.70 billion.
About Nippon Steel & Sumitomo Metal
Nippon Steel & Sumitomo Metal Corporation was a major Japanese steelmaker formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. In 2019, the company changed its name to Nippon Steel Corporation, while continuing the operations and businesses associated with the former Nippon Steel & Sumitomo Metal organization.
The company produces a broad range of steel products, including sheets, plates, bars, wire rods, pipes, tubes and specialty steels.
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