BlueScope Steel Limited (OTCMKTS:BLSFY) Sees Significant Decrease in Short Interest

BlueScope Steel Limited (OTCMKTS:BLSFYGet Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 2 shares, a decline of 99.2% from the April 30th total of 246 shares. Based on an average trading volume of 140 shares, the days-to-cover ratio is presently 0.0 days.

BlueScope Steel Price Performance

Shares of BLSFY stock remained flat at $111.72 on Friday. The stock had a trading volume of 13 shares, compared to its average volume of 306. The company’s fifty day simple moving average is $102.57 and its 200-day simple moving average is $94.66. BlueScope Steel has a fifty-two week low of $65.39 and a fifty-two week high of $113.30.

About BlueScope Steel

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BlueScope Steel is an integrated steel producer headquartered in Melbourne, Australia, specializing in the manufacture and distribution of flat steel products and building solutions. The company’s core activities span the production of hot-rolled, cold-rolled, coated and painted steel products, as well as the design and supply of prefabricated buildings and steel framing systems. BlueScope serves a diverse customer base that includes construction, manufacturing, automotive, and distribution sectors.

Among its portfolio of branded products are COLORBOND® steel and ZINCALUME® steel, which are widely used in residential, commercial and industrial roofing and cladding applications.

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