SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,500 shares, a growth of 1,400.0% from the June 30th total of 100 shares. Based on an average daily volume of 1,500 shares, the days-to-cover ratio is presently 1.0 days.

SSAB AB (publ) Price Performance

Shares of SSAAY stock opened at $2.80 on Thursday. The company has a market capitalization of $5.77 billion, a PE ratio of 5.10 and a beta of 1.49. The firm has a fifty day simple moving average of $2.80 and a 200-day simple moving average of $3.24. The company has a current ratio of 2.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. SSAB AB has a twelve month low of $2.51 and a twelve month high of $4.01.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its earnings results on Wednesday, July 24th. The basic materials company reported $0.11 earnings per share for the quarter. SSAB AB (publ) had a net margin of 10.37% and a return on equity of 17.12%. The business had revenue of $2.65 billion during the quarter. Equities research analysts anticipate that SSAB AB will post 0.34 earnings per share for the current fiscal year.

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.