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

SSAB AB (publ) (OTCMKTS:SSAAY) saw 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 short-interest ratio is presently 5.9 days.

SSAB AB (publ) Price Performance

Shares of SSAAY remained flat at $2.61 during midday trading on Friday. The company’s stock had a trading volume of 83 shares, compared to its average volume of 896. The company has a current ratio of 2.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 4.75 and a beta of 1.46. The firm has a fifty day moving average of $2.44 and a 200 day moving average of $2.81. SSAB AB has a 1 year low of $2.15 and a 1 year high of $4.01.

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