SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAY) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 700 shares, an increase of 600.0% from the March 31st total of 100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

SSAAY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SSAB AB (publ) in a report on Monday, April 14th. Nordea Equity Research cut SSAB AB (publ) to a “hold” rating in a research report on Wednesday.

SSAB AB (publ) Stock Down 0.8 %

Shares of SSAAY opened at $3.04 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09. The firm has a market cap of $6.06 billion, a P/E ratio of 10.13 and a beta of 1.18. The stock’s 50 day moving average is $3.11 and its two-hundred day moving average is $2.58. SSAB AB has a 12 month low of $1.89 and a 12 month high of $3.70.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its quarterly earnings results on Tuesday, January 28th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). SSAB AB (publ) had a net margin of 6.33% and a return on equity of 9.35%. Analysts predict that SSAB AB will post 0.24 earnings per share for the current fiscal year.

SSAB AB (publ) Company Profile

SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.