Aurubis AG (OTCMKTS:AIAGY) Short Interest Down 38.6% in May

Aurubis AG (OTCMKTS:AIAGY) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 143 shares, a decline of 38.6% from the April 30th total of 233 shares. Based on an average daily trading volume, of 160 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Aurubis in a report on Tuesday, May 12th. Morgan Stanley upgraded Aurubis from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Aurubis Stock Performance

Shares of Aurubis stock opened at $128.53 on Friday. Aurubis has a 52-week low of $50.07 and a 52-week high of $128.53. The stock’s 50-day simple moving average is $106.50 and its 200 day simple moving average is $90.41.

Aurubis Company Profile

Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi‐metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high‐purity copper products to industries such as electrical engineering, construction, automotive and electronics.

The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.