Acerinox, S.A. (OTCMKTS:ANIOY) Short Interest Up 80.0% in October

Acerinox, S.A. (OTCMKTS:ANIOY) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 3,600 shares, a growth of 80.0% from the October 15th total of 2,000 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is currently 1.1 days.

Acerinox Price Performance

Acerinox stock opened at $4.63 on Friday. The firm has a 50-day moving average of $5.00 and a 200-day moving average of $5.16. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 11.07 and a beta of 1.45. Acerinox has a one year low of $4.45 and a one year high of $5.80.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.10 earnings per share for the quarter. Acerinox had a return on equity of 8.11% and a net margin of 0.79%. The firm had revenue of $1.44 billion during the quarter. As a group, sell-side analysts expect that Acerinox will post 0.56 earnings per share for the current year.

About Acerinox

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.