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

SSAB AB (publ) (OTCMKTS:SSAAY) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 6,300 shares, an increase of 320.0% from the July 15th total of 1,500 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is presently 2.9 days.

SSAB AB (publ) Price Performance

SSAAY stock remained flat at $2.45 during mid-day trading on Monday. The company’s stock had a trading volume of 106 shares, compared to its average volume of 2,620. The company has a 50-day moving average price of $2.72 and a two-hundred day moving average price of $3.15. SSAB AB has a 1-year low of $2.37 and a 1-year high of $4.01. The stock has a market capitalization of $5.05 billion, a P/E ratio of 4.45 and a beta of 1.49. The company has a quick ratio of 1.55, a current ratio of 2.68 and a debt-to-equity ratio of 0.09.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.11 EPS for the quarter. SSAB AB (publ) had a net margin of 9.34% and a return on equity of 14.80%. The company had revenue of $2.65 billion during the quarter. As a group, analysts forecast that SSAB AB will post 0.34 EPS for the current year.

SSAB AB (publ) Company Profile

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.