Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) Sees Large Increase in Short Interest

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 25,386 shares, an increase of 58.6% from the December 15th total of 16,002 shares. Based on an average trading volume of 355,936 shares, the days-to-cover ratio is presently 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 355,936 shares, the days-to-cover ratio is presently 0.1 days.

Nippon Steel & Sumitomo Metal Stock Performance

OTCMKTS NPSCY opened at $4.21 on Friday. The business has a 50 day moving average price of $4.03 and a 200 day moving average price of $5.38. The company has a market capitalization of $22.62 billion, a P/E ratio of -233.89 and a beta of 0.75. Nippon Steel & Sumitomo Metal has a 1-year low of $3.66 and a 1-year high of $4.80. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.54.

About Nippon Steel & Sumitomo Metal

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.