Short Interest in Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Declines By 77.2%

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 16,002 shares, a decrease of 77.2% from the November 30th total of 70,178 shares. Based on an average trading volume of 252,266 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 252,266 shares, the days-to-cover ratio is currently 0.1 days.

Nippon Steel & Sumitomo Metal Price Performance

Nippon Steel & Sumitomo Metal stock traded up $0.04 during midday trading on Thursday, reaching $3.99. 132,668 shares of the company were exchanged, compared to its average volume of 145,459. The firm’s 50-day simple moving average is $4.04 and its 200-day simple moving average is $5.66. Nippon Steel & Sumitomo Metal has a 1 year low of $3.66 and a 1 year high of $4.80. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of -221.67 and a beta of 0.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.54 and a current ratio of 1.15.

Nippon Steel & Sumitomo Metal Company Profile

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.