Could Companhia Siderurgica Nacion (NYSE:SID) Skyrocket? The Stock Has Too Many Sellers

September 17, 2017 - By Peter Erickson

 Could Companhia Siderurgica Nacion (NYSE:SID) Skyrocket? The Stock Has Too Many Sellers

The stock of Companhia Siderurgica Nacion (NYSE:SID) registered an increase of 9.34% in short interest. SID’s total short interest was 12.19 million shares in September as published by FINRA. Its up 9.34% from 11.15M shares, reported previously. With 1.93M shares average volume, it will take short sellers 6 days to cover their SID’s short positions. The short interest to Companhia Siderurgica Nacion’s float is 2.04%.

The stock increased 4.27% or $0.14 on September 15, reaching $3.42. About 1.72M shares traded. Companhia Siderurgica Nacional (ADR) (NYSE:SID) has risen 0.96% since September 17, 2016 and is uptrending. It has underperformed by 15.74% the S&P500.

Companhia Siderurgica Nacional is a Brazil firm engaged in the steel industry. The company has market cap of $4.84 billion. The Firm 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. It has a 14.59 P/E ratio. The Firm operates in five divisions: Steel, Mining, Cement, Logistics and Energy.

More recent Companhia Siderurgica Nacional (ADR) (NYSE:SID) news were published by: Benzinga.com which released: “18 Biggest Mid-Day Losers For Thursday” on May 18, 2017. Also Quotes.Wsj.com published the news titled: “Companhia Siderurgica Nacional ADR” on February 12, 2011. Marketwatch.com‘s news article titled: “3.42” with publication date: December 21, 2009 was also an interesting one.

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