National Steel Company (NYSE:SID) Shares Shorted: Short Interest Down 53.6% in September

Posted by on Sep 29th, 2026

National Steel Company (NYSE:SID – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,164,960 shares, a decline of 53.6% from the August 31st total of 8,982,742 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 9,525,120 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Several research firms have commented on SID. Weiss Ratings restated a “sell (d-)” rating on shares of National Steel in a report on Monday, September 14th. Zacks Research cut National Steel from a “hold” rating to a “strong sell” rating in a report on Thursday, August 13th. Finally, Wall Street Zen downgraded National Steel from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Three analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, National Steel presently has a consensus rating of “Strong Sell” and a consensus price target of $1.40.

View Our Latest Analysis on SID

National Steel Stock Down 7.7%

Shares of NYSE:SID traded down $0.09 during trading hours on Tuesday, hitting $1.02. The company’s stock had a trading volume of 28,621,919 shares, compared to its average volume of 7,896,440. National Steel has a 52 week low of $0.84 and a 52 week high of $2.20. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.15 and a quick ratio of 0.79. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -3.01 and a beta of 1.61. The firm’s fifty day moving average price is $1.07 and its 200 day moving average price is $1.15.

National Steel (NYSE:SID – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The basic materials company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.13 billion. National Steel had a negative net margin of 5.26% and a negative return on equity of 14.90%. As a group, research analysts expect that National Steel will post -0.02 EPS for the current year.

National Steel Company Profile

(Get Free Report)

Companhia Siderúrgica Nacional (CSN), historically associated with the “National Steel” name and traded in the United States under the symbol SID, is a Brazilian industrial company headquartered in São Paulo. Founded in 1941, CSN operates one of Brazil’s major integrated steelmaking complexes in Volta Redonda, in the state of Rio de Janeiro.

The company produces flat steel products, including galvanized, tinplate and other coated steels, as well as hot- and cold-rolled steel. Its products serve industries such as automotive manufacturing, construction, packaging, appliances and general industrial production.

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