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

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 377,400 shares, a growth of 347.7% from the December 15th total of 84,300 shares. Based on an average trading volume of 244,600 shares, the days-to-cover ratio is currently 1.5 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

USNZY traded up $0.02 during trading hours on Monday, hitting $0.87. 27,501 shares of the stock were exchanged, compared to its average volume of 64,950. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.72 and a quick ratio of 2.09. Usinas Siderúrgicas de Minas Gerais has a 12 month low of $0.82 and a 12 month high of $2.23. The stock has a 50-day simple moving average of $1.03 and a 200-day simple moving average of $1.16. The stock has a market cap of $474.03 million, a price-to-earnings ratio of 6.18, a price-to-earnings-growth ratio of 13.21 and a beta of 1.80.

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 analysts’ consensus estimates of $0.01 by $0.01. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.52% and a net margin of 3.56%. The firm had revenue of $1.23 billion during the quarter. Analysts anticipate that Usinas Siderúrgicas de Minas Gerais will post 0.05 earnings per share for the current 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.