SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Update

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

SSAB AB (publ) Price Performance

Shares of SSAAY remained flat at $2.27 during mid-day trading on Friday. 19 shares of the stock were exchanged, compared to its average volume of 1,298. The stock’s 50-day simple moving average is $2.41 and its two-hundred day simple moving average is $2.55. SSAB AB has a twelve month low of $2.15 and a twelve month high of $4.01. The stock has a market cap of $4.53 billion, a PE ratio of 6.15 and a beta of 1.48. The company has a quick ratio of 1.55, a current ratio of 2.83 and a debt-to-equity ratio of 0.09.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its earnings results 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 business had revenue of $2.34 billion during the quarter. Equities research analysts predict that SSAB AB will post 0.3 earnings per share for the current year.

About SSAB AB (publ)

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.