Does BLUESCOPE STEEL LTD ORDINARY SHARES AUS (OTCMKTS:BLSFF) Have Gas After Even Less Sellers Involved?

May 18, 2018 - By Margarite Burden

BlueScope Steel Limited (OTCMKTS:BLSFF) Logo

The stock of BLUESCOPE STEEL LTD ORDINARY SHARES AUS (OTCMKTS:BLSFF) registered a decrease of 43.6% in short interest. BLSFF’s total short interest was 234,100 shares in May as published by FINRA. Its down 43.6% from 415,100 shares, reported previously. With 200 shares average volume, it will take short sellers 1171 days to cover their BLSFF’s short positions. The short interest to BLUESCOPE STEEL LTD ORDINARY SHARES AUS’s float is 0.04%.

It closed at $13.07 lastly. It is down 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

BlueScope Steel Limited manufactures and sells metal coated and painted steel building products in Australia, Asia, North America, New Zealand, and internationally. The company has market cap of $7.25 billion. The firm operates in five divisions: Australian Steel Products; North Star BlueScope Steel; BlueScope Buildings; Building Products ASEAN, North America and India; and New Zealand & Pacific Steel. It has a 12.39 P/E ratio. It provides steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, purlins and house framings, and engineered building solutions.

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