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

SSAB AB (publ) (OTCMKTS:SSAAF) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 277,300 shares, a growth of 2,729.6% from the February 13th total of 9,800 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 924.3 days.

SSAB AB (publ) Price Performance

SSAB AB (publ) stock traded up $1.59 during mid-day trading on Wednesday, reaching $6.68. 141 shares of the company’s stock were exchanged, compared to its average volume of 2,885. The company has a fifty day moving average of $4.41 and a 200-day moving average of $4.62. SSAB AB has a twelve month low of $3.86 and a twelve month high of $7.00.

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.