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

Key Points

• Short interest rose 18.7% to 2,566 shares as of March 31 (days-to-cover 1.9), though the report still shows only 0.0% of shares sold short.
• Aperam beat EPS estimates ($0.46 vs. $0.33) but missed on revenue ($1.58B vs. $1.69B); the stock trades at a high P/E (~288) with a $3.37B market cap and has a mixed analyst consensus of “Moderate Buy” (three Buys, three Holds).

Aperam (OTCMKTS:APEMY - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 2,566 shares, an increase of 18.7% from the March 15th total of 2,161 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,387 shares, the days-to-cover ratio is currently 1.9 days.

Aperam Stock Performance

Shares of APEMY opened at $46.11 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 288.19 and a beta of 1.18. The stock has a fifty day moving average price of $44.75 and a two-hundred day moving average price of $41.08. Aperam has a 52-week low of $28.95 and a 52-week high of $54.50.

Aperam (OTCMKTS:APEMY - Get Free Report) last announced its earnings results on Friday, February 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.69 billion. Analysts predict that Aperam will post 2.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley reiterated an "overweight" rating on shares of Aperam in a research note on Thursday, February 19th. Citigroup reaffirmed a "neutral" rating on shares of Aperam in a report on Thursday, January 22nd. Zacks Research cut shares of Aperam from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Aperam in a report on Tuesday. Finally, Oddo Bhf lowered shares of Aperam to a "neutral" rating in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.

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