SSAB AB (publ) (OTCMKTS:SSAAF) Sees Significant Increase in Short Interest

SSAB AB (publ) (OTCMKTS:SSAAF) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 12,358 shares, an increase of 93.5% from the May 31st total of 6,385 shares. Based on an average daily volume of 167 shares, the days-to-cover ratio is presently 74.0 days.

SSAB AB (publ) Stock Performance

OTCMKTS:SSAAF opened at $9.33 on Wednesday. The firm’s fifty day moving average price is $9.10 and its two-hundred day moving average price is $8.31. SSAB AB has a one year low of $5.69 and a one year high of $9.99.

About SSAB AB (publ)

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.