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

BlueScope Steel Limited (OTCMKTS:BLSFY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 535 shares, an increase of 345.8% from the December 15th total of 120 shares. Based on an average daily volume of 729 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 729 shares, the days-to-cover ratio is currently 0.7 days.

BlueScope Steel Stock Performance

OTCMKTS:BLSFY opened at $100.19 on Wednesday. BlueScope Steel has a one year low of $58.05 and a one year high of $100.19. The stock has a 50-day simple moving average of $79.71 and a 200 day simple moving average of $77.00.

BlueScope Steel Company Profile

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.