Short Interest in Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Expands By 40.2%

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 540,500 shares, an increase of 40.2% from the September 30th total of 385,500 shares. Based on an average daily trading volume, of 151,700 shares, the short-interest ratio is currently 3.6 days.

Usinas Siderúrgicas de Minas Gerais Trading Up 5.1 %

Shares of USNZY traded up $0.06 during midday trading on Monday, hitting $1.22. 302,700 shares of the stock were exchanged, compared to its average volume of 81,151. Usinas Siderúrgicas de Minas Gerais has a 52-week low of $1.00 and a 52-week high of $2.23. The stock has a fifty day simple moving average of $1.16 and a 200 day simple moving average of $1.36.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last released its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $1.23 billion during the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 3.40% and a net margin of 3.56%. On average, equities analysts expect that Usinas Siderúrgicas de Minas Gerais will post 0.05 earnings per share for the current year.

Usinas Siderúrgicas de Minas Gerais Company Profile

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.