Short Interest in BlueScope Steel Limited (OTCMKTS:BLSFY) Declines By 66.7%

BlueScope Steel Limited (OTCMKTS:BLSFY) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 66.7% from the February 29th total of 300 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 0.2 days.

BlueScope Steel Stock Performance

BLSFY traded up $1.95 during trading on Friday, hitting $77.80. The stock had a trading volume of 1,362 shares, compared to its average volume of 647. BlueScope Steel has a 12 month low of $57.05 and a 12 month high of $80.90. The company has a 50 day simple moving average of $74.19 and a 200-day simple moving average of $69.95.

BlueScope Steel Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 1st will be given a $0.7698 dividend. This is a positive change from BlueScope Steel’s previous dividend of $0.75. The ex-dividend date of this dividend is Thursday, February 29th.

BlueScope Steel Company Profile

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.