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

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

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.