Acerinox, S.A. (OTCMKTS:ANIOY) Sees Significant Decrease in Short Interest

Acerinox, S.A. (OTCMKTS:ANIOY) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 200 shares, a decline of 50.0% from the January 31st total of 400 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.3 days.

Acerinox Stock Performance

Shares of OTCMKTS:ANIOY remained flat at $5.75 during trading hours on Friday. The company has a current ratio of 2.25, a quick ratio of 1.37 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average price of $5.12 and a 200-day moving average price of $5.05. The stock has a market cap of $2.87 billion, a P/E ratio of 71.88 and a beta of 1.44. Acerinox has a 12 month low of $4.45 and a 12 month high of $5.80.

Acerinox (OTCMKTS:ANIOY) last released its quarterly earnings results on Friday, February 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.10). Acerinox had a return on equity of 7.94% and a net margin of 0.79%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, analysts forecast that Acerinox will post 0.48 EPS for the current fiscal year.

Acerinox Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, February 10th. Investors of record on Thursday, January 23rd were issued a $0.0983 dividend. The ex-dividend date of this dividend was Thursday, January 23rd. Acerinox’s dividend payout ratio is currently 237.50%.

About Acerinox

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.