Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Short Interest Up 22.3% in June

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 265,000 shares, an increase of 22.3% from the May 31st total of 216,600 shares. Based on an average daily volume of 36,200 shares, the days-to-cover ratio is currently 7.3 days.

Usinas Siderúrgicas de Minas Gerais Stock Up 2.1 %

Shares of OTCMKTS:USNZY opened at $1.44 on Tuesday. The company has a current ratio of 3.25, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25. Usinas Siderúrgicas de Minas Gerais has a 12 month low of $1.10 and a 12 month high of $2.23. The company has a market cap of $788.86 million, a price-to-earnings ratio of 3.06, a PEG ratio of 0.49 and a beta of 1.89. The company has a 50-day moving average price of $1.49 and a 200 day moving average price of $1.77.

Usinas Siderúrgicas de Minas Gerais Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, April 29th will be paid a $0.0498 dividend. The ex-dividend date is Friday, April 26th. Usinas Siderúrgicas de Minas Gerais’s dividend payout ratio is presently 8.51%.

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.