Acerinox (OTCMKTS:ANIOY) Short Interest Up 1,450.0% in July

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) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,100 shares, agrowthof1,450.0% from the June 30th total of 200 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 5.2 days. Based on an average daily volume of 600 shares, the short-interest ratio is currently 5.2 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Acerinox in a report on Friday, July 25th.

Acerinox Stock Performance

Acerinox stock remained flat at $5.87 during trading on Wednesday. 4 shares of the company were exchanged, compared to its average volume of 1,586. The business's 50-day moving average price is $6.08 and its 200 day moving average price is $5.73. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 30.90 and a beta of 1.10. 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 has a 52-week low of $4.45 and a 52-week high of $6.50.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.61 billion. As a group, research analysts expect that Acerinox will post 0.48 earnings per share for the current year.

Acerinox Increases Dividend

The company also recently declared a dividend, which was paid on Monday, August 4th. Stockholders of record on Friday, July 18th were paid a dividend of $0.1085 per share. The ex-dividend date of this dividend was Thursday, July 17th. This is a positive change from Acerinox's previous dividend of $0.10. This represents a dividend yield of 321.0%. Acerinox's payout ratio is 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.