Aurubis AG (OTCMKTS:AIAGY) Short Interest Update

Aurubis AG (OTCMKTS:AIAGY) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 233 shares, an increase of 417.8% from the April 15th total of 45 shares. Based on an average daily trading volume, of 187 shares, the short-interest ratio is presently 1.2 days.

Aurubis Stock Performance

Aurubis stock opened at $114.81 on Friday. The company has a 50-day simple moving average of $98.91 and a 200-day simple moving average of $84.58. Aurubis has a one year low of $50.07 and a one year high of $114.81.

Analysts Set New Price Targets

Several research firms have weighed in on AIAGY. Morgan Stanley upgraded shares of Aurubis from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Aurubis in a research report on Tuesday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Aurubis presently has a consensus rating of “Hold”.

Aurubis Company Profile

Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi‐metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high‐purity copper products to industries such as electrical engineering, construction, automotive and electronics.

The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.