SSAB (OTCMKTS:SSAAY) Sees Significant Growth in Short Interest

Key Points

• SSAB experienced a significant increase in short interest of 37.3% in August, rising from 5,100 shares to 7,000 shares, with a short-interest ratio of 5.4 days based on average trading volume.
• The company's market cap is now $5.78 billion, with a current trading price of $2.90, having a 52-week low of $1.89 and a high of $3.70.
• In its last quarterly report, SSAB reported $0.10 earnings per share and revenue of $2.65 billion, with analysts expecting a full-year EPS of 0.24.

SSAB (OTCMKTS:SSAAY - Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 7,000 shares, a growth of 37.3% from the August 15th total of 5,100 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is presently 5.4 days. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is presently 5.4 days. Approximately 0.0% of the company's shares are short sold.

SSAB Price Performance

OTCMKTS SSAAY remained flat at $2.90 during trading on Friday. 220 shares of the company's stock were exchanged, compared to its average volume of 417. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.49 and a current ratio of 2.72. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 13.18 and a beta of 1.26. The company has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $3.06. SSAB has a 1-year low of $1.89 and a 1-year high of $3.70.

SSAB (OTCMKTS:SSAAY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The basic materials company reported $0.10 EPS for the quarter. SSAB had a net margin of 4.62% and a return on equity of 6.66%. The business had revenue of $2.65 billion for the quarter. Research analysts expect that SSAB will post 0.24 earnings per share for the current fiscal year.

About SSAB

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.