Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Increases By 8,500.0%

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 8,600 shares, an increase of 8,500.0% from the September 30th total of 100 shares. Based on an average trading volume of 3,300 shares, the short-interest ratio is currently 2.6 days.

SSAB AB (publ) Stock Performance

Shares of SSAB AB (publ) stock traded up $0.06 during midday trading on Friday, hitting $2.41. The company had a trading volume of 61,758 shares, compared to its average volume of 2,631. The stock has a market cap of $4.97 billion, a PE ratio of 4.39 and a beta of 1.46. SSAB AB has a 1-year low of $2.15 and a 1-year high of $4.01. The business’s 50 day simple moving average is $2.39 and its two-hundred day simple moving average is $2.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.55.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its earnings results on Wednesday, July 24th. The basic materials company reported $0.11 EPS for the quarter. The firm had revenue of $2.65 billion during the quarter. SSAB AB (publ) had a return on equity of 14.80% and a net margin of 9.34%. As a group, equities analysts predict that SSAB AB will post 0.33 EPS for the current fiscal year.

SSAB AB (publ) Company Profile

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.