Short Interest in Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Increases By 347.7%

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 377,400 shares, an increase of 347.7% from the December 31st total of 84,300 shares. Based on an average daily volume of 244,600 shares, the short-interest ratio is presently 1.5 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

Shares of OTCMKTS USNZY opened at $0.94 on Thursday. The company has a quick ratio of 2.14, a current ratio of 3.72 and a debt-to-equity ratio of 0.27. The firm’s 50 day simple moving average is $0.96 and its 200-day simple moving average is $1.11. Usinas Siderúrgicas de Minas Gerais has a 12 month low of $0.82 and a 12 month high of $2.23.

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.