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

Nippon Steel & Sumitomo Metal Corp. (OTCMKTS:NPSCY) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 41,839 shares, an increase of 64.8% from the December 31st total of 25,386 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 322,117 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 322,117 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Nippon Steel & Sumitomo Metal Stock Down 1.9%

Shares of NPSCY stock opened at $4.21 on Monday. The stock’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $5.23. Nippon Steel & Sumitomo Metal has a twelve month low of $3.66 and a twelve month high of $4.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.54 and a current ratio of 1.15. The company has a market capitalization of $22.62 billion, a price-to-earnings ratio of -233.89 and a beta of 0.73.

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.