Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Stock Short Interest Report for October

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 202,389 shares, a decline of 46.9% from the September 30th total of 381,329 shares. Based on an average daily volume of 387,596 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Nippon Steel & Sumitomo Metal Stock Down 0.9%

OTCMKTS:NPSCY traded down $0.04 during trading hours on Friday, reaching $4.18. The company’s stock had a trading volume of 167,536 shares, compared to its average volume of 187,119. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.71 and a quick ratio of 0.81. The company has a market cap of $22.46 billion, a price-to-earnings ratio of -209.01 and a beta of 0.61. Nippon Steel & Sumitomo Metal has a one year low of $3.32 and a one year high of $4.67. The business’s 50-day moving average is $4.29 and its 200-day moving average is $3.96.

Nippon Steel & Sumitomo Metal (OTCMKTS:NPSCY) last posted its earnings results on Tuesday, August 4th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $16.70 billion.

Nippon Steel & Sumitomo Metal Company Profile

Nippon Steel & Sumitomo Metal Corporation was a major Japanese steelmaker formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries. In 2019, the company changed its name to Nippon Steel Corporation, while continuing the operations and businesses associated with the former Nippon Steel & Sumitomo Metal organization.

The company produces a broad range of steel products, including sheets, plates, bars, wire rods, pipes, tubes and specialty steels.