Stelco Holdings Inc. (OTCMKTS:STZHF) Sees Large Growth in Short Interest

Stelco Holdings Inc. (OTCMKTS:STZHF) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,063,800 shares, a growth of 67.4% from the September 30th total of 635,500 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 1,182.0 days.

Stelco Price Performance

STZHF traded down $0.14 during trading on Friday, reaching $48.82. 500 shares of the company were exchanged, compared to its average volume of 6,954. Stelco has a 52 week low of $24.70 and a 52 week high of $55.00. The firm has a 50 day moving average of $48.49 and a 200 day moving average of $39.16.

Stelco Company Profile

Stelco Holdings Inc engages in the production and sale of steel products in Canada, the United States, and internationally. It offers flat-rolled value-added steel, including coated, pre-painted, cold-rolled, and hot-rolled sheet products, as well as pig iron and metallurgical coke. The company sells its products to customers in the construction, automotive, energy, appliance, and pipe and tube industries, as well as steel service centers.