Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Short Interest Update

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZYGet Free Report) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 832,200 shares, a growth of 37.2% from the October 31st total of 606,700 shares. Based on an average daily volume of 516,900 shares, the short-interest ratio is currently 1.6 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

Shares of OTCMKTS:USNZY traded down $0.03 on Friday, reaching $1.06. The company’s stock had a trading volume of 3,991 shares, compared to its average volume of 101,242. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.55 and a quick ratio of 2.09. Usinas Siderúrgicas de Minas Gerais has a 52-week low of $1.00 and a 52-week high of $2.23. The stock’s 50-day moving average is $1.15 and its two-hundred day moving average is $1.26.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZYGet Free Report) last announced its earnings results on Friday, October 25th. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $1.23 billion for the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.38% and a net margin of 3.56%. As a group, sell-side analysts anticipate that Usinas Siderúrgicas de Minas Gerais will post 0.02 earnings per share for the current year.

About Usinas Siderúrgicas de Minas Gerais

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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.

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