Acerinox (OTCMKTS:ANIOY) Short Interest Down 62.2% in July

Key Points

• Acerinox short interest fell 62.2% in July to 415 shares, representing 0.0% of shares outstanding and just 0.1 days to cover.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” despite BNP Paribas Exane downgrading the stock to “underperform.”
• Acerinox reported quarterly EPS of $0.17, exceeding the $0.13 consensus estimate. Shares opened at $10.20, near the company’s 52-week high of $10.74.

Acerinox (OTCMKTS:ANIOY - Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 415 shares, a decline of 62.2% from the July 15th total of 1,097 shares. Based on an average daily trading volume, of 3,391 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

ANIOY has been the subject of a number of research analyst reports. BNP Paribas Exane cut Acerinox from a "neutral" rating to an "underperform" rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Acerinox in a research note on Monday, July 27th. Morgan Stanley restated an "overweight" rating on shares of Acerinox in a report on Monday, June 15th. Jefferies Financial Group raised shares of Acerinox to a "strong-buy" rating in a research report on Monday, July 13th. Finally, Citigroup reiterated a "buy" rating on shares of Acerinox in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Acerinox Stock Performance

Shares of ANIOY stock opened at $10.20 on Friday. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 78.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79. The business has a fifty day moving average of $9.57 and a 200 day moving average of $8.42. Acerinox has a 1 year low of $6.11 and a 1 year high of $10.74.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $3.51 billion. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. As a group, research analysts expect that Acerinox will post 0.51 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source