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

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 832,200 shares, a growth of 37.2% from the October 31st total of 606,700 shares. Based on an average daily volume of 516,900 shares, the days-to-cover ratio is presently 1.6 days.

Usinas Siderúrgicas de Minas Gerais Stock Down 4.4 %

Shares of USNZY stock opened at $1.09 on Friday. The company has a current ratio of 3.55, a quick ratio of 2.09 and a debt-to-equity ratio of 0.25. Usinas Siderúrgicas de Minas Gerais has a twelve month low of $1.00 and a twelve month high of $2.23. The stock has a 50 day moving average of $1.15 and a 200 day moving average of $1.27. The stock has a market cap of $597.12 million, a P/E ratio of 7.79 and a beta of 1.86.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings data 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 3.38%. The company had revenue of $1.23 billion during the quarter.

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.