What Will Happen to Companhia Siderurgica Nacion (NYSE:SID) Next? The Stock Has Decline in Shorts

January 14, 2018 - By Linda Rogers

 What Will Happen to Companhia Siderurgica Nacion (NYSE:SID) Next? The Stock Has Decline in Shorts

The stock of Companhia Siderurgica Nacion (NYSE:SID) registered a decrease of 8.33% in short interest. SID’s total short interest was 17.04M shares in January as published by FINRA. Its down 8.33% from 18.59 million shares, reported previously. With 3.11M 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 2.85%.

The stock decreased 1.19% or $0.04 during the last trading session, reaching $3.31. About 8.40 million shares traded or 171.02% up from the average. Companhia Siderúrgica Nacional (NYSE:SID) has risen 0.96% since January 14, 2017 and is uptrending. It has underperformed by 15.74% the S&P500.

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. The company has market cap of $4.79 billion. It operates through Steel, Mining, Logistics, Cement, and Energy divisions. It currently has negative earnings. It offers steel products, such as coated sheets, galvanized steel, pre-painted steel, metal sheets, and flat and long steel products for automotive, civil construction, packaging, appliances, OEM, and distribution markets.

More notable recent Companhia Siderúrgica Nacional (NYSE:SID) news were published by: Benzinga.com which released: “35 Stocks Moving In Thursday’s Pre-Market Session” on December 21, 2017, also Marketwatch.com with their article: “ArcelorMittal ADR” published on July 08, 2009, Marketwatch.com published: “Companhia Energetica de Minas Gerais-Cemig ADR” on December 21, 2009. More interesting news about Companhia Siderúrgica Nacional (NYSE:SID) were released by: Benzinga.com and their article: “12 Stocks Moving Following China Import News” published on October 13, 2017 as well as Fool.com‘s news article titled: “Here’s Why These Steel Stocks Got Hammered” with publication date: September 14, 2016.

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