Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY) Sees Large Growth in Short Interest

Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 25 shares, a growth of 212.5% from the July 15th total of 8 shares. Based on an average daily trading volume, of 4 shares, the days-to-cover ratio is presently 6.2 days.

Eregli Demir ve Çelik Fabrikalari T.A.S. Stock Performance

Shares of OTCMKTS:ERELY remained flat at $9.00 during midday trading on Thursday. The stock’s 50 day moving average is $8.97 and its 200 day moving average is $7.37. Eregli Demir ve Çelik Fabrikalari T.A.S. has a twelve month low of $4.96 and a twelve month high of $9.18.

About Eregli Demir ve Çelik Fabrikalari T.A.S.

Eregli Demir ve Çelik Fabrikalari T.A.S., together with its subsidiaries, produces and sells iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke, and by-products in Turkey and internationally. Its flat products include hot rolled flat steel products, cold-rolled flat steel products, and galvanized/galvanealed flat steel products; and tin/chrome coated flat steel products used in metal packaging industry. The company also provides various byproducts, including motor benzole, pure benzole, toluol, xylol, crude tar, ammonium sulphate, iron sulphate, and granulated high furnace slag.