Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Short Interest Down 79.1% in December

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 84,300 shares, a decrease of 79.1% from the November 30th total of 404,200 shares. Based on an average daily volume of 468,200 shares, the short-interest ratio is presently 0.2 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

Shares of OTCMKTS USNZY remained flat at $0.92 during midday trading on Thursday. Usinas Siderúrgicas de Minas Gerais has a 52 week low of $0.91 and a 52 week high of $2.23. The stock has a 50-day moving average price of $1.09 and a two-hundred day moving average price of $1.20. The firm has a market cap of $505.14 million, a PE ratio of 6.59, a price-to-earnings-growth ratio of 13.21 and a beta of 1.80. The company has a current ratio of 3.72, a quick ratio of 2.09 and a debt-to-equity ratio of 0.27.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.02 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.23 billion for the quarter. Research analysts anticipate that Usinas Siderúrgicas de Minas Gerais will post 0.05 EPS 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.