BlueScope Steel Limited (OTCMKTS:BLSFY) Sees Significant Increase in Short Interest

BlueScope Steel Limited (OTCMKTS:BLSFY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 400 shares, a growth of 300.0% from the September 30th total of 100 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is presently 0.2 days.

BlueScope Steel Trading Down 6.4 %

Shares of OTCMKTS:BLSFY traded down $4.75 during midday trading on Friday, reaching $69.00. 2,035 shares of the company’s stock traded hands, compared to its average volume of 927. The stock has a 50 day moving average of $70.29 and a 200 day moving average of $70.67. BlueScope Steel has a one year low of $58.90 and a one year high of $80.90.

BlueScope Steel Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 30th. Investors of record on Wednesday, September 11th will be given a $0.9603 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This is a boost from BlueScope Steel’s previous dividend of $0.77.

About BlueScope Steel

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Coated Products Asia, Buildings and Coated Products North America, and New Zealand & Pacific Islands.