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

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) saw a significant 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 Down 5.2 %

USNZY traded down $0.05 on Tuesday, reaching $0.82. The company’s stock had a trading volume of 6,082 shares, compared to its average volume of 56,540. The company has a market capitalization of $449.21 million, a price-to-earnings ratio of 5.86, a P/E/G ratio of 13.21 and a beta of 1.80. Usinas Siderúrgicas de Minas Gerais has a fifty-two week low of $0.82 and a fifty-two week high of $2.23. 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 stock has a 50 day moving average of $1.02 and a two-hundred day moving average of $1.15.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last announced its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Usinas Siderúrgicas de Minas Gerais had a net margin of 3.56% and a return on equity of 3.52%. The firm had revenue of $1.23 billion during the quarter. As a group, analysts forecast that Usinas Siderúrgicas de Minas Gerais will post 0.05 EPS for the current fiscal 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.