Short Interest in Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Expands By 33.5%

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 618,600 shares, a growth of 33.5% from the January 15th total of 463,300 shares. Based on an average daily volume of 62,400 shares, the days-to-cover ratio is currently 9.9 days.

Usinas Siderúrgicas de Minas Gerais Stock Performance

Shares of USNZY stock opened at $1.09 on Friday. The business’s 50-day moving average price is $0.95 and its 200-day moving average price is $1.08. Usinas Siderúrgicas de Minas Gerais has a 12 month low of $0.82 and a 12 month high of $2.23. The firm has a market capitalization of $597.12 million, a price-to-earnings ratio of 7.79, a PEG ratio of 6.73 and a beta of 1.80. The company has a current ratio of 3.72, a quick ratio of 2.14 and a debt-to-equity ratio of 0.27.

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.