SSAB (OTCMKTS:SSAAY) Short Interest Update

Key Points

• SSAB experienced a 33.3% decrease in short interest during July, with total short interest falling to 5,600 shares as of July 31st.
• Nordea Equity Research downgraded SSAB to a "hold" rating on April 23rd, indicating a change in analyst sentiment regarding the stock.
• SSAB reported $0.10 earnings per share and revenue of $2.65 billion in its last earnings results, with an expected EPS of 0.24 for the current fiscal year.

SSAB (OTCMKTS:SSAAY - Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 5,600 shares, adecreaseof33.3% from the July 15th total of 8,400 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 2.5 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

Separately, Nordea Equity Research downgraded SSAB to a "hold" rating in a research report on Wednesday, April 23rd.

SSAB Price Performance

SSAAY opened at $2.92 on Tuesday. The stock has a fifty day moving average of $3.04 and a 200-day moving average of $3.04. The firm has a market capitalization of $5.82 billion, a P/E ratio of 13.27 and a beta of 1.28. SSAB has a 12-month low of $1.89 and a 12-month high of $3.70. The company has a quick ratio of 1.49, a current ratio of 2.72 and a debt-to-equity ratio of 0.09.

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

SSAB 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.

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