Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Short Interest Down 61.3% in August

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 131,600 shares, a decrease of 61.3% from the July 31st total of 340,300 shares. Based on an average trading volume of 186,700 shares, the days-to-cover ratio is currently 0.7 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

Shares of OTCMKTS USNZY traded down $0.05 during midday trading on Thursday, hitting $1.12. 412 shares of the company’s stock were exchanged, compared to its average volume of 77,119. The firm’s fifty day simple moving average is $1.32 and its 200-day simple moving average is $1.61. Usinas Siderúrgicas de Minas Gerais has a twelve month low of $1.03 and a twelve month high of $2.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.25 and a quick ratio of 1.89.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data on Friday, July 26th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Usinas Siderúrgicas de Minas Gerais had a return on equity of 4.82% and a net margin of 4.61%. The company had revenue of $1.22 billion for the quarter. On average, sell-side analysts anticipate that Usinas Siderúrgicas de Minas Gerais will post 0.07 EPS for the current fiscal 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.