Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Grows By 600.0%

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 700 shares, an increase of 600.0% from the March 31st total of 100 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 0.1 days.

SSAB AB (publ) Stock Up 1.4 %

Shares of OTCMKTS SSAAY traded up $0.05 during trading on Wednesday, hitting $3.17. 109 shares of the company traded hands, compared to its average volume of 3,587. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 2.71. The business's fifty day moving average is $3.12 and its 200 day moving average is $2.59. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 10.57 and a beta of 1.18. SSAB AB has a fifty-two week low of $1.89 and a fifty-two week high of $3.70.

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The basic materials company reported $0.05 EPS for the quarter. SSAB AB (publ) had a return on equity of 9.35% and a net margin of 6.33%. The firm had revenue of $2.39 billion during the quarter. Equities research analysts predict that SSAB AB will post 0.24 earnings per share for the current fiscal year.

SSAB AB (publ) Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Monday, May 5th will be issued a dividend of $0.0768 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a yield of 2.46%. SSAB AB (publ)'s payout ratio is 30.00%.

Analyst Ratings Changes

Several research analysts have commented on SSAAY shares. Nordea Equity Research downgraded SSAB AB (publ) to a "hold" rating in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of SSAB AB (publ) in a report on Monday, April 14th.

SSAB AB (publ) Company Profile

SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.