Aperam (OTCMKTS:APEMY) Short Interest Up 93.8% in September

Key Points

• Aperam's short interest increased by 93.8% in September, rising from 1,600 shares to 3,100 shares.
• Analysts have mixed views on the stock, with Zacks upgrading it to a "hold" rating while Jefferies downgraded it to the same rating.
• The company recently announced a dividend of $0.444, resulting in an impressive dividend yield of 571.0%.

Aperam (OTCMKTS:APEMY - Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,100 shares, a growth of 93.8% from the September 15th total of 1,600 shares. Based on an average trading volume of 800 shares, the short-interest ratio is presently 3.9 days. Based on an average trading volume of 800 shares, the short-interest ratio is presently 3.9 days.

Wall Street Analyst Weigh In

APEMY has been the topic of a number of research reports. Zacks Research upgraded shares of Aperam from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Jefferies Financial Group downgraded shares of Aperam from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Aperam Stock Performance

APEMY opened at $36.63 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19. The company's fifty day moving average price is $32.66 and its two-hundred day moving average price is $31.21. Aperam has a 1-year low of $25.89 and a 1-year high of $36.63. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 12.67 and a beta of 1.38.

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

Aperam Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, September 11th. Stockholders of record on Monday, August 18th were paid a $0.444 dividend. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 571.0%. Aperam's dividend payout ratio is presently 68.17%.

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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