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

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the recipient of a significant 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 trading volume, of 244,600 shares, the days-to-cover ratio is currently 1.5 days.

Usinas Siderúrgicas de Minas Gerais Stock Up 3.9 %

Shares of USNZY stock traded up $0.04 during trading hours on Wednesday, hitting $0.97. 115,460 shares of the company were exchanged, compared to its average volume of 29,970. The company has a quick ratio of 2.14, a current ratio of 3.72 and a debt-to-equity ratio of 0.27. Usinas Siderúrgicas de Minas Gerais has a 52 week low of $0.82 and a 52 week high of $2.23. The business has a 50 day moving average of $0.97 and a two-hundred day moving average of $1.11.

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.