Short Interest to Follow: Is Buying USIMINAS SA ADR REGS (OTCMKTS:USNZY) Here Good Idea?

November 18, 2016 - By Ellis Scott   ·   0 Comments

Short Interest to Follow: Is Buying USIMINAS SA ADR REGS (OTCMKTS:USNZY) Here Good Idea?

The stock of USIMINAS SA ADR REGS (OTCMKTS:USNZY) registered an increase of 3019.1% in short interest. USNZY’s total short interest was 277,600 shares in November as published by FINRA. Its up 3019.1% from 8,900 shares, reported previously. With 246,600 shares average volume, it will take short sellers 1 days to cover their USNZY’s short positions. About 7,500 shares traded hands. Usinas Siderurgics d Mns Grs SA Usms-ADR (OTCMKTS:USNZY) has risen 100.03% since April 18, 2016 and is uptrending. It has outperformed by 95.60% the S&P500.

Usinas Siderurgicas de Minas Gerais S.A.-USIMINAS and its subsidiaries, jointly-controlled companies and affiliates are engaged mainly in steelworks and other related activities. The company has a market cap of $618.95 million. The Company’s activities include iron ore extraction, steel transformation, production of capital goods and logistics. It currently has negative earnings. The Company’s divisions are Mining and Logistics, Steelmaking, Steel Transformation and Capital assets.

USNZY Company Profile

Usinas Siderurgicas de Minas Gerais S.A.-USIMINAS (Usiminas), incorporated on April 25, 1956, and its subsidiaries, jointly-controlled companies and affiliates are engaged mainly in steelworks and other related activities. The Company’s activities include iron ore extraction, steel transformation, production of capital goods and logistics. The Company’s divisions are Mining and Logistics, Steelmaking, Steel Transformation and Capital assets. The Firm makes and sells various products and raw materials, such as flat steel, iron ore, stamped steel parts for the automotive industry and products for the civil construction and capital goods industry. The Firm provides technology transfer services in the steel activity, in project management and provision of services in the civil construction area and capital goods industry, road transport of flat steel, hot-dip steel galvanizing, texturing and cylinders chromium. The Firm has approximately two steel plants with nominal production capacity of approximately 9.5 million of tons per year, located in the cities of Ipatinga, State of Minas Gerais, and of Cubatao, State of Sao Paulo.

More notable recent Usinas Siderurgics d Mns Grs SA Usms-ADR (OTCMKTS:USNZY) news were published by: Benzinga.com which released: “Unexpected Countries Could Rise As Latin America’s New Mining Champions” on September 23, 2016, also Reuters.com with their article: “Nippon Steel & Sumitomo Metal intends to hold talks on dividing production assets of Usiminas with Ternium – Nikkei” published on May 31, 2016, Reuters.com published: “Usinas Siderurgicas de Minas Gerais SA Usiminas sticks with plans to fire 4,000 at mill, union says – Reuters” on January 15, 2016. More interesting news about Usinas Siderurgics d Mns Grs SA Usms-ADR (OTCMKTS:USNZY) were released by: Reuters.com and their article: “Usinas Siderurgicas de Minas Gerais SA Usiminas announces temporary shutdown of primary areas of Cubatao plant” published on October 29, 2015 as well as Reuters.com‘s news article titled: “Usinas Siderurgicas de Minas Gerais SA Usiminas ends port services contract with MMX Porto Sudeste Ltda” with publication date: June 22, 2015.

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By Ellis Scott

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