Companhia Siderúrgica Nacional (NYSE:SID) Short Interest Update

Companhia Siderúrgica Nacional (NYSE:SID) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 10,310,000 shares, a drop of 14.8% from the March 15th total of 12,100,000 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 2,300,000 shares, the short-interest ratio is currently 4.5 days.

Companhia Siderúrgica Nacional Trading Up 3.1 %

NYSE:SID opened at $1.52 on Monday. The company has a market capitalization of $2.01 billion, a PE ratio of -10.10 and a beta of 1.82. Companhia Siderúrgica Nacional has a 52-week low of $1.27 and a 52-week high of $2.89. The stock’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.70. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 2.77.

Companhia Siderúrgica Nacional (NYSE:SID) last announced its earnings results on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. Companhia Siderúrgica Nacional had a negative net margin of 2.37% and a negative return on equity of 5.79%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $11.85 billion. On average, research analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Companhia Siderúrgica Nacional during the fourth quarter worth about $35,000. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Companhia Siderúrgica Nacional by 41.3% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 9,314 shares during the period. First Affirmative Financial Network raised its stake in shares of Companhia Siderúrgica Nacional by 56.7% during the first quarter. First Affirmative Financial Network now owns 30,672 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 11,098 shares during the last quarter. Savvy Advisors Inc. lifted its holdings in shares of Companhia Siderúrgica Nacional by 56.1% during the fourth quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 12,987 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Companhia Siderúrgica Nacional in the 4th quarter valued at $55,000.

Analyst Upgrades and Downgrades

Separately, UBS Group initiated coverage on shares of Companhia Siderúrgica Nacional in a research report on Wednesday, March 12th. They issued a “sell” rating and a $1.30 price target for the company.

Companhia Siderúrgica Nacional Company Profile

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.