Acerinox (OTCMKTS:ANIOY) Short Interest Down 97.0% in August

Key Points

• Acerinox experienced a substantial decline in short interest in August, dropping 97.0% to only 100 shares compared to 3,300 shares at the end of July.
• The company recently announced a dividend increase to $0.1085 per share, reflecting a dividend yield of 321.0%, despite a payout ratio of 115.79%.
• Analysts maintain a consensus rating of "Moderate Buy" on Acerinox, with three analysts issuing a Buy rating and one a Hold rating.

Acerinox (OTCMKTS:ANIOY - Get Free Report) saw a significant decrease in short interest in August. As of August 15th, there was short interest totaling 100 shares, adecreaseof97.0% from the July 31st total of 3,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Acerinox in a research report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Acerinox Price Performance

ANIOY stock remained flat at $6.14 during trading on Friday. The business's 50 day simple moving average is $6.11 and its 200 day simple moving average is $5.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.06 and a current ratio of 2.16. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 32.29 and a beta of 1.20. Acerinox has a 12-month low of $4.45 and a 12-month high of $6.50.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.20). Acerinox had a net margin of 1.59% and a return on equity of 3.54%. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.61 billion. Equities analysts predict that Acerinox will post 0.48 earnings per share for the current year.

Acerinox Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 4th. Shareholders of record on Friday, July 18th were paid a $0.1085 dividend. The ex-dividend date of this dividend was Thursday, July 17th. This represents a yield of 321.0%. This is an increase from Acerinox's previous dividend of $0.10. Acerinox's dividend payout ratio is presently 115.79%.

About Acerinox

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.