Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 189,256 shares, an increase of 92.6% from the August 15th total of 98,250 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 197,084 shares, the days-to-cover ratio is presently 1.0 days.
Nippon Steel & Sumitomo Metal Stock Down 0.2%
Nippon Steel & Sumitomo Metal stock traded down $0.01 during mid-day trading on Wednesday, hitting $4.42. The company had a trading volume of 142,503 shares, compared to its average volume of 291,630. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of -221.25 and a beta of 0.64. Nippon Steel & Sumitomo Metal has a 1 year low of $3.32 and a 1 year high of $4.67. The company has a quick ratio of 0.81, a current ratio of 1.71 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $4.14 and a 200 day moving average of $3.81.
Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $16.70 billion.
Nippon Steel & Sumitomo Metal Company Profile
Nippon Steel & Sumitomo Metal Corporation, now known as Nippon Steel Corporation, is a major Japanese steel manufacturer. The company produces a broad range of steel products, including flat-rolled steel, plates, bars, wire products, rails, structural materials and specialty steel used in automobiles, construction, machinery, energy infrastructure and other industrial applications.
In addition to steelmaking, Nippon Steel provides related services and products through businesses involved in engineering and construction, chemicals and new materials, machinery and equipment, logistics, and information systems.
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