Aperam (OTCMKTS:APEMY) Short Interest Update

Key Points

• Short interest fell 24.5% in April to 1,937 shares (about 0.0% of shares short) and a days-to-cover of 0.4, signaling very low short exposure.
• APEMY opened at $48.00 with a market cap of $3.51 billion and a high valuation (PE ~300), trading in a 52-week range of $28.95–$54.50 and sitting above its 50- and 200-day moving averages.
• The company reported $0.46 EPS vs $0.33 expected (an EPS beat) but missed revenue at $1.58B vs $1.69B, and analysts are split (3 Buy, 3 Hold) with a MarketBeat consensus of Moderate Buy and projected FY EPS of 1.83.

Aperam (OTCMKTS:APEMY - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,937 shares, a decline of 24.5% from the March 31st total of 2,566 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 4,363 shares, the days-to-cover ratio is currently 0.4 days.

Aperam Stock Down 1.1%

APEMY stock opened at $48.00 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.51 billion, a PE ratio of 300.02 and a beta of 1.18. Aperam has a 52 week low of $28.95 and a 52 week high of $54.50. The business has a 50-day simple moving average of $44.59 and a 200 day simple moving average of $41.88.

Aperam (OTCMKTS:APEMY - Get Free Report) last issued 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. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.69 billion. Aperam had a return on equity of 1.05% and a net margin of 0.17%. Sell-side analysts anticipate that Aperam will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on APEMY shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Aperam in a report on Tuesday, April 14th. Oddo Bhf cut shares of Aperam to a "neutral" rating in a research note on Wednesday, January 14th. Zacks Research cut shares of Aperam from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 17th. Morgan Stanley reaffirmed an "overweight" rating on shares of Aperam in a research report on Thursday, February 19th. Finally, Citigroup reissued a "neutral" rating on shares of Aperam in a report on Friday, April 17th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus 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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