BlueScope Steel Limited (OTCMKTS:BLSFY) Short Interest Up 25.0% in October

BlueScope Steel Limited (OTCMKTS:BLSFY) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 500 shares, a growth of 25.0% from the October 15th total of 400 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 0.5 days.

BlueScope Steel Stock Performance

Shares of BLSFY stock opened at $72.77 on Friday. BlueScope Steel has a 1-year low of $61.20 and a 1-year high of $80.90. The stock’s fifty day simple moving average is $70.15 and its 200-day simple moving average is $69.86.

BlueScope Steel Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 30th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.9603 per share. This is an increase from BlueScope Steel’s previous dividend of $0.77. The ex-dividend date of this dividend was Wednesday, September 11th.

BlueScope Steel Company Profile

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Coated Products Asia, Buildings and Coated Products North America, and New Zealand & Pacific Islands.