Acerinox (OTCMKTS:ANIOY) Short Interest Up 185.3% in June

Acerinox (OTCMKTS:ANIOY) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 3,812 shares, an increase of 185.3% from the May 31st total of 1,336 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,990 shares, the short-interest ratio is currently 1.3 days.

Acerinox Stock Down 3.4%

Shares of ANIOY opened at $8.60 on Tuesday. Acerinox has a 52-week low of $5.87 and a 52-week high of $9.85. The company has a quick ratio of 0.91, a current ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $8.78 and a two-hundred day simple moving average of $7.83. The company has a market capitalization of $4.29 billion, a PE ratio of -85.99 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.58). Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $3.88 billion. As a group, equities analysts forecast that Acerinox will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ANIOY. Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research note on Wednesday, May 20th. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Morgan Stanley restated an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Acerinox Company Profile

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.