Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Short Interest Update

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 60,793 shares, a decrease of 53.7% from the March 15th total of 131,197 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 972,984 shares, the short-interest ratio is currently 0.1 days.

Nippon Steel & Sumitomo Metal Price Performance

Nippon Steel & Sumitomo Metal stock traded down $0.01 during trading hours on Tuesday, reaching $3.74. 26,597 shares of the stock were exchanged, compared to its average volume of 275,305. The company has a market cap of $20.10 billion, a P/E ratio of -74.80 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. Nippon Steel & Sumitomo Metal has a twelve month low of $3.50 and a twelve month high of $4.79. The stock has a 50 day moving average of $3.96 and a two-hundred day moving average of $4.13.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $16.73 billion for the quarter, compared to analysts’ expectations of $17.13 billion.

About Nippon Steel & Sumitomo Metal

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.