Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Expands By 128.0%

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,700 shares, an increase of 128.0% from the October 31st total of 2,500 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 2.0 days.

SSAB AB (publ) Stock Down 2.7 %

SSAAY traded down $0.06 during trading hours on Friday, hitting $2.27. 750 shares of the company’s stock were exchanged, compared to its average volume of 1,298. The firm has a 50 day moving average of $2.41 and a 200 day moving average of $2.56. The firm has a market cap of $4.53 billion, a P/E ratio of 6.15 and a beta of 1.48. The company has a current ratio of 2.83, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. SSAB AB has a 12-month low of $2.15 and a 12-month high of $4.01.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share for the quarter. The business had revenue of $2.34 billion during the quarter. SSAB AB (publ) had a return on equity of 11.51% and a net margin of 7.47%. Analysts predict that SSAB AB will post 0.3 EPS 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.