SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 11,800 shares, a growth of 26.9% from the August 31st total of 9,300 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 5.9 days.

SSAB AB (publ) Stock Performance

Shares of OTCMKTS:SSAAY opened at $2.61 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.68. SSAB AB has a 52-week low of $2.15 and a 52-week high of $4.01. The stock’s 50-day simple moving average is $2.44 and its two-hundred day simple moving average is $2.82. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 4.75 and a beta of 1.46.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.11 EPS for the quarter. SSAB AB (publ) had a net margin of 9.34% and a return on equity of 14.80%. The firm had revenue of $2.65 billion for the quarter. Analysts expect that SSAB AB will post 0.34 EPS for the current year.

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.