Companhia Siderurgica Nacional S.A. (NYSE:SID) Shorted Shares Decreased By 25.28%

Companhia Siderúrgica Nacional (NYSE:SID) Logo

The stock of Companhia Siderurgica Nacional S.A. (NYSE:SID) registered a decrease of 25.28% in short interest. SID’s total short interest was 4.19 million shares in November as published by FINRA. Its down 25.28% from 5.60 million shares, reported previously. With 1.90M shares average volume, it will take short sellers 2 days to cover their SID’s short positions. The short interest to Companhia Siderurgica Nacional S.A.’s float is 0.71%.

The stock increased 1.05% or $0.02 during the last trading session, reaching $2.41. About 1.78M shares traded. Companhia Siderúrgica Nacional (NYSE:SID) has declined 41.02% since November 14, 2017 and is downtrending. It has underperformed by 56.64% the S&P500.

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. The company has market cap of $3.32 billion. It operates through Steel, Mining, Logistics, Cement, and Energy divisions. It has a 3.37 P/E ratio. 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.

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