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

Key Points

• Acerinox experienced a significant increase in short interest, rising by 1,450.0% in July, with total short positions reaching 3,100 shares.
• The company declared an increased dividend of $0.1085, up from $0.10, with a dividend yield of 321.0%, to be paid on August 4th.
• Acerinox's recent quarterly earnings report showed a loss of ($0.06) EPS, missing estimates by ($0.20), while revenue exceeded expectations at $1.71 billion.

Acerinox (OTCMKTS:ANIOY - Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 3,100 shares, anincreaseof1,450.0% from the June 30th total of 200 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 5.2 days. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 5.2 days.

Acerinox Stock Performance

Shares of Acerinox stock remained flat at $5.87 during trading hours on Friday. 4 shares of the company's stock were exchanged, compared to its average volume of 1,588. The company's fifty day simple moving average is $6.07 and its 200 day simple moving average is $5.72. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 30.90 and a beta of 1.10. Acerinox has a 1-year low of $4.45 and a 1-year high of $6.50. The company has a quick ratio of 1.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.57.

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

Acerinox Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, August 4th. Investors of record on Friday, July 18th will be paid a dividend of $0.1085 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a yield of 321.0%. This is a boost from Acerinox's previous dividend of $0.10. Acerinox's dividend payout ratio is currently 115.79%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Acerinox in a research report on Friday, July 25th. BNP Paribas lowered shares of Acerinox to a "neutral" rating in a report on Monday, April 7th.

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.