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

SSAB AB (publ) (OTCMKTS:SSAAF) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 821,400 shares, a growth of 49.3% from the May 15th total of 550,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 8,214.0 days.

SSAB AB (publ) Price Performance

Shares of OTCMKTS:SSAAF remained flat at $5.50 on Friday. SSAB AB has a fifty-two week low of $5.17 and a fifty-two week high of $8.23. The business’s 50-day moving average price is $6.03 and its 200 day moving average price is $6.80.

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.