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

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

Usinas Siderúrgicas de Minas Gerais Price Performance

OTCMKTS USNZY remained flat at $0.82 on Wednesday. Usinas Siderúrgicas de Minas Gerais has a 12 month low of $0.82 and a 12 month high of $2.23. The company’s fifty day simple moving average is $1.01 and its 200-day simple moving average is $1.15. The stock has a market capitalization of $449.21 million, a price-to-earnings ratio of 5.86, a PEG ratio of 13.21 and a beta of 1.80. The company has a current ratio of 3.72, a quick ratio of 2.09 and a debt-to-equity ratio of 0.27.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last posted its earnings results on Friday, October 25th. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $1.23 billion for the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.52% and a net margin of 3.56%. As a group, equities analysts predict that Usinas Siderúrgicas de Minas Gerais will post 0.05 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.