Aperam (OTCMKTS:APEMY) Short Interest Down 55.6% in July

Key Points

• Aperam's short interest decreased by 55.6% in July, with only 1,600 shares sold short as of July 31st.
• The company reported $0.28 EPS for the quarter, missing expectations of $0.38, despite revenue exceeding estimates at $1.89 billion.
• Aperam announced a quarterly dividend of $0.444 per share, yielding 571.0%, payable on September 11th to investors of record on August 18th.

Aperam (OTCMKTS:APEMY - Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,600 shares, adeclineof55.6% from the July 15th total of 3,600 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 3.2 days. Currently,0.0% of the company's shares are sold short. Currently,0.0% of the company's shares are sold short. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 3.2 days.

Aperam Stock Performance

Aperam stock opened at $30.37 on Friday. The stock's 50 day moving average price is $31.26 and its 200 day moving average price is $30.71. The firm has a market capitalization of $2.22 billion, a PE ratio of 10.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.43 and a current ratio of 1.73. Aperam has a one year low of $25.34 and a one year high of $35.75.

Aperam (OTCMKTS:APEMY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.10). The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.71 billion. Aperam had a return on equity of 1.72% and a net margin of 3.11%. As a group, sell-side analysts expect that Aperam will post 2.84 EPS for the current fiscal year.

Aperam Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, September 11th. Investors of record on Monday, August 18th will be given a dividend of $0.444 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 571.0%. Aperam's payout ratio is 65.40%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered Aperam from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th.

About Aperam

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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