Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Grows By 8,500.0%

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 8,600 shares, an increase of 8,500.0% from the September 30th total of 100 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 2.6 days.

SSAB AB (publ) Trading Up 2.7 %

Shares of OTCMKTS:SSAAY opened at $2.41 on Friday. SSAB AB has a 1 year low of $2.15 and a 1 year high of $4.01. The stock’s fifty day moving average price is $2.39 and its 200-day moving average price is $2.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.68 and a quick ratio of 1.55. The company has a market cap of $4.97 billion, a P/E ratio of 4.39 and a beta of 1.46.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.11 EPS for the quarter. The firm had revenue of $2.65 billion during the quarter. SSAB AB (publ) had a net margin of 9.34% and a return on equity of 14.80%. Sell-side analysts expect that SSAB AB will post 0.33 earnings per share for the current year.

About SSAB AB (publ)

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.