Short Interest in Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Rises By 37.2%

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the recipient of a significant growth in short interest during the month of 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 trading volume, of 516,900 shares, the days-to-cover ratio is currently 1.6 days.

Usinas Siderúrgicas de Minas Gerais Stock Down 2.8 %

Shares of USNZY traded down $0.03 on Friday, reaching $1.06. The company’s stock had a trading volume of 3,991 shares, compared to its average volume of 101,242. Usinas Siderúrgicas de Minas Gerais has a twelve month low of $1.00 and a twelve month high of $2.23. The firm has a fifty day moving average of $1.15 and a 200-day moving average of $1.26. 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 (OTCMKTS:USNZY) last released its earnings results on Friday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $1.23 billion during the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.38% and a net margin of 3.56%. As a group, research analysts expect that Usinas Siderúrgicas de Minas Gerais will post 0.02 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.