Aperam (OTCMKTS:APEMY) Shares Shorted: Short Interest Down 35.1% in October

Key Points

• Aperam’s short interest fell 35.1% in October to 1,696 shares, representing about 0.0% of shares outstanding and a short-interest ratio of 0.9 days.
• The stock opened at $39.00, versus a 52-week range of $35.30 to $61.65, with a market capitalization of approximately $2.85 billion and a P/E ratio of 19.31.
• Analyst sentiment is mixed but averages to a “Hold” rating: three analysts rate the stock Buy, three Hold, and one Sell; recent actions included downgrades from BNP Paribas Exane and Zacks Research.

Aperam (OTCMKTS:APEMY - Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,696 shares, a decline of 35.1% from the September 30th total of 2,615 shares. Based on an average daily trading volume, of 1,817 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Aperam Stock Performance

OTCMKTS APEMY opened at $39.00 on Monday. Aperam has a fifty-two week low of $35.30 and a fifty-two week high of $61.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.55 and a current ratio of 1.63. The firm's fifty day moving average price is $48.63 and its two-hundred day moving average price is $49.71. The stock has a market cap of $2.85 billion, a PE ratio of 19.31 and a beta of 1.40.

Analysts Set New Price Targets

APEMY has been the topic of several recent research reports. BNP Paribas Exane cut Aperam from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 8th. Zacks Research cut shares of Aperam from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Aperam in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

Aperam Company Profile

Aperam SA is a Luxembourg-based producer of stainless and specialty steel products. The company manufactures a broad range of stainless steel, electrical steel and specialty alloys for applications in industries such as automotive, construction, engineering, energy, food processing and consumer goods.

Its product portfolio includes flat and long stainless steel products, precision and specialty materials, and high-performance alloys designed for demanding industrial uses. Aperam also provides processing, distribution and technical services through its services and solutions activities.

The company has an integrated industrial and commercial presence across Europe and Brazil, with additional international sales coverage.

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