Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Sees Significant Decline in Short Interest

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 404,200 shares, a drop of 51.4% from the November 15th total of 832,200 shares. Based on an average daily trading volume, of 220,000 shares, the short-interest ratio is currently 1.8 days.

Usinas Siderúrgicas de Minas Gerais Price Performance

Usinas Siderúrgicas de Minas Gerais stock opened at $1.04 on Friday. The stock has a market cap of $569.73 million, a price-to-earnings ratio of 7.43, a PEG ratio of 13.08 and a beta of 1.80. The company has a quick ratio of 2.09, a current ratio of 3.72 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $1.12 and a 200 day simple moving average of $1.23. Usinas Siderúrgicas de Minas Gerais has a 52 week low of $1.00 and a 52 week high of $2.23.

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

About Usinas Siderúrgicas de Minas Gerais

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.