Short Interest in Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Drops By 79.1%

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY - Get Free Report) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 84,300 shares, a drop of 79.1% from the November 30th total of 404,200 shares. Based on an average trading volume of 468,200 shares, the days-to-cover ratio is currently 0.2 days.

Usinas Siderúrgicas de Minas Gerais Stock Down 1.3 %

OTCMKTS USNZY traded down $0.01 during trading on Thursday, reaching $0.91. The company's stock had a trading volume of 50,945 shares, compared to its average volume of 108,955. The business has a 50-day moving average price of $1.09 and a 200-day moving average price of $1.20. Usinas Siderúrgicas de Minas Gerais has a 1-year low of $0.84 and a 1-year high of $2.23. The stock has a market capitalization of $498.52 million, a PE ratio of 6.50, a PEG ratio of 13.21 and a beta of 1.80. The company has a current ratio of 3.72, a quick ratio of 2.09 and a debt-to-equity ratio of 0.27.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. Usinas Siderúrgicas de Minas Gerais had a net margin of 3.56% and a return on equity of 3.52%. The firm had revenue of $1.23 billion during the quarter. On average, research analysts forecast that Usinas Siderúrgicas de Minas Gerais will post 0.05 earnings per share for the current fiscal year.

Usinas Siderúrgicas de Minas Gerais Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company operates through three segments: Mining and Logistics, Steel Metallurgy, and Steel Transformation. It extracts and process iron ore, such as pellet and sinter feed and, granulated iron ore; provides storage, handling, and road cargo transportation services; and operates highway and railway cargo terminals.