Short Interest in Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Decreases By 26.3%

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 61,600 shares, a drop of 26.3% from the March 31st total of 83,600 shares. Based on an average trading volume of 158,800 shares, the short-interest ratio is currently 0.4 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

Shares of Usinas Siderúrgicas de Minas Gerais stock opened at $1.57 on Friday. Usinas Siderúrgicas de Minas Gerais has a twelve month low of $1.10 and a twelve month high of $2.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 3.25. The business has a 50-day moving average price of $1.98 and a 200 day moving average price of $1.75.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last issued its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.15. The company had revenue of $1.37 billion for the quarter. Usinas Siderúrgicas de Minas Gerais had a return on equity of 8.74% and a net margin of 7.65%. On average, analysts predict that Usinas Siderúrgicas de Minas Gerais will post 0.25 EPS for the current fiscal year.

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 issued a $0.0498 dividend. The ex-dividend date of this dividend is Friday, April 26th. Usinas Siderúrgicas de Minas Gerais’s payout ratio is presently 12.77%.

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.