Short Interest Coverage: Companhia Siderurgica Nacion (NYSE:SID) Short Interest Decreased By 12.56%

November 28, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Coverage: Companhia Siderurgica Nacion (NYSE:SID) Short Interest Decreased By 12.56%

The stock of Companhia Siderurgica Nacion (NYSE:SID) registered a decrease of 12.56% in short interest. SID’s total short interest was 12.22M shares in November as published by FINRA. Its down 12.56% from 13.98 million shares, reported previously. With 2.38M shares average volume, it will take short sellers 5 days to cover their SID’s short positions. The short interest to Companhia Siderurgica Nacion’s float is 2.1%. About 3.08M shares traded hands or 4.76% up from the average. Companhia Siderurgica Nacional (ADR) (NYSE:SID) has risen 10.62% since April 25, 2016 and is uptrending. It has outperformed by 4.61% the S&P500.

Companhia Siderurgica Nacional operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The company has a market cap of $5.49 billion. The Firm operates through five divisions: steel, mining, cement, logistics and energy. It has a 18.55 P/E ratio. The steel segment is engaged in the production, distribution and sale of flat steel, long steel, metallic containers and galvanized steel, with activities in Brazil, the United States, Portugal and Germany.

SID Company Profile

Companhia Siderurgica Nacional, incorporated on April 9, 1941, operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Firm operates through five divisions: steel, mining, cement, logistics and energy. The Company’s steel sales are focused on the domestic market.

Another recent and important Companhia Siderurgica Nacional (ADR) (NYSE:SID) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011.

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By Linda Rogers


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