Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) Short Interest Up 36.2% in March

Usinas Siderúrgicas de Minas Gerais S.A. (OTCMKTS:USNZY) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 83,600 shares, an increase of 36.2% from the March 15th total of 61,400 shares. Based on an average daily volume of 124,200 shares, the days-to-cover ratio is currently 0.7 days.

Usinas Siderúrgicas de Minas Gerais Trading Up 1.6 %

Shares of USNZY stock opened at $1.96 on Friday. Usinas Siderúrgicas de Minas Gerais has a 52-week low of $1.10 and a 52-week high of $2.23. The stock’s 50-day moving average price is $1.99 and its 200 day moving average price is $1.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 3.25.

Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) last released its earnings results on Friday, February 9th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.15. Usinas Siderúrgicas de Minas Gerais had a return on equity of 10.51% and a net margin of 8.90%. The business had revenue of $1.37 billion for the quarter. Analysts predict that Usinas Siderúrgicas de Minas Gerais will post 0.25 earnings per share for the current fiscal year.

Usinas Siderúrgicas de Minas Gerais Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders 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 (DPR) is presently 11.11%.

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.