Aperam (OTCMKTS:APEMY) Sees Large Growth in Short Interest

Aperam (OTCMKTS:APEMY - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,300 shares, an increase of 27.8% from the May 15th total of 1,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 5.8 days.

Aperam Stock Performance

APEMY stock opened at $30.20 on Wednesday. The company has a market capitalization of $2.21 billion, a P/E ratio of 8.65 and a beta of 1.36. The company has a 50-day simple moving average of $29.85 and a 200 day simple moving average of $29.49. Aperam has a fifty-two week low of $25.18 and a fifty-two week high of $35.75. The company has a quick ratio of 0.56, a current ratio of 2.82 and a debt-to-equity ratio of 0.15.

Aperam (OTCMKTS:APEMY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.11). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.41 billion. Aperam had a net margin of 3.79% and a return on equity of 2.93%. Sell-side analysts predict that Aperam will post 2.84 earnings per share for the current fiscal year.

Aperam Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 19th were issued a dividend of $0.444 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 5.9%. Aperam's payout ratio is 50.72%.

Analysts Set New Price Targets

Separately, BNP Paribas lowered Aperam from a "strong-buy" rating to a "neutral" rating in a research report on Monday, April 7th.

Aperam Company Profile

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.

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