Acerinox (OTCMKTS:ANIOY) Sees Significant Decrease in Short Interest

Key Points

• Acerinox saw a sharp drop in short interest in June, falling 71.2% to 1,098 shares as of June 30 from 3,812 shares on June 15. The short-interest ratio is now 3.3 days based on average daily volume.
• The stock was trading at $9.13, near its 52-week high of $9.85, with a market cap of $4.56 billion. Its shares have also moved above both the 50-day and 200-day moving averages.
• Recent earnings were weak, with Acerinox posting $0.01 EPS versus analyst expectations of $0.59 and revenue of $1.62 billion versus the $3.88 billion estimate. Analysts currently have a consensus rating of Hold.

Acerinox (OTCMKTS:ANIOY - Get Free Report) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 1,098 shares, a decline of 71.2% from the June 15th total of 3,812 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 331 shares, the short-interest ratio is currently 3.3 days.

Acerinox Stock Performance

OTCMKTS:ANIOY opened at $9.13 on Friday. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of -91.34 and a beta of 1.13. The business has a 50 day moving average of $8.99 and a 200 day moving average of $7.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.89 and a quick ratio of 0.91. Acerinox has a 1-year low of $5.87 and a 1-year high of $9.85.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.58). The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $3.88 billion. Acerinox had a negative net margin of 0.79% and a negative return on equity of 2.11%. On average, sell-side analysts predict that Acerinox will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ANIOY shares. Citigroup reiterated a "buy" rating on shares of Acerinox in a research report on Wednesday, May 20th. BNP Paribas Exane cut Acerinox from a "neutral" rating to an "underperform" rating in a research report on Wednesday. Zacks Research upgraded Acerinox from a "strong sell" rating to a "hold" rating in a research note on Friday, May 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Acerinox in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Acerinox currently has a consensus rating of "Hold".

About Acerinox

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company's core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.

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