Acerinox, S.A. (OTCMKTS:ANIOY) Sees Significant Growth in Short Interest

Acerinox, S.A. (OTCMKTS:ANIOY - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 300 shares, an increase of 50.0% from the March 31st total of 200 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group upgraded Acerinox to a "buy" rating in a research report on Wednesday, March 5th. BNP Paribas downgraded shares of Acerinox to a "neutral" rating in a report on Monday, April 7th. Finally, Barclays reaffirmed an "overweight" rating on shares of Acerinox in a report on Wednesday, March 5th.

Acerinox Stock Performance

ANIOY stock traded up $0.10 on Friday, reaching $5.60. The company's stock had a trading volume of 3,510 shares, compared to its average volume of 700. Acerinox has a 52 week low of $4.45 and a 52 week high of $6.47. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.37. The company has a market capitalization of $2.79 billion, a P/E ratio of 70.01 and a beta of 1.15. The firm has a fifty day moving average of $5.70 and a two-hundred day moving average of $5.22.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.10). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.24 billion. Acerinox had a net margin of 0.79% and a return on equity of 7.94%. As a group, analysts predict that Acerinox will post 0.48 EPS for the current fiscal year.

About Acerinox

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.