Companhia Siderúrgica Nacional (NYSE:SID) Short Interest Up 24.6% in December

Companhia Siderúrgica Nacional (NYSE:SID) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 9,460,000 shares, an increase of 24.6% from the December 15th total of 7,590,000 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 2,420,000 shares, the short-interest ratio is presently 3.9 days.

Hedge Funds Weigh In On Companhia Siderúrgica Nacional

Institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC bought a new position in shares of Companhia Siderúrgica Nacional during the 2nd quarter valued at about $27,000. Sivia Capital Partners LLC purchased a new stake in shares of Companhia Siderúrgica Nacional in the third quarter worth about $30,000. Vanguard Personalized Indexing Management LLC bought a new position in Companhia Siderúrgica Nacional during the second quarter valued at approximately $28,000. PDS Planning Inc purchased a new position in Companhia Siderúrgica Nacional during the 3rd quarter valued at approximately $32,000. Finally, Savvy Advisors Inc. bought a new stake in Companhia Siderúrgica Nacional in the 3rd quarter worth approximately $55,000.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Companhia Siderúrgica Nacional from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

Companhia Siderúrgica Nacional Stock Performance

Shares of Companhia Siderúrgica Nacional stock traded up $0.03 during trading hours on Friday, hitting $1.40. The company’s stock had a trading volume of 1,843,298 shares, compared to its average volume of 2,567,192. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.34 and a quick ratio of 0.93. The business has a 50 day moving average price of $1.69 and a two-hundred day moving average price of $2.01. Companhia Siderúrgica Nacional has a 12-month low of $1.27 and a 12-month high of $3.84.

Companhia Siderúrgica Nacional Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 29th were given a dividend of $0.0952 per share. The ex-dividend date of this dividend was Friday, November 29th. Companhia Siderúrgica Nacional’s dividend payout ratio is -146.66%.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.