SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Down 70.9% in October

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 2,500 shares, a decline of 70.9% from the October 15th total of 8,600 shares. Based on an average daily volume of 13,500 shares, the short-interest ratio is presently 0.2 days.

SSAB AB (publ) Stock Down 3.7 %

OTCMKTS SSAAY traded down $0.09 on Wednesday, reaching $2.35. The stock had a trading volume of 2,420 shares, compared to its average volume of 2,564. SSAB AB has a 12-month low of $2.15 and a 12-month high of $4.01. The business’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.83 and a quick ratio of 1.55.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.05 EPS for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. The company had revenue of $2.34 billion for the quarter. Equities research analysts forecast that SSAB AB will post 0.31 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.