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

SSAB AB (publ) (OTCMKTS:SSAAY) saw 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 trading volume of 3,300 shares, the short-interest ratio is presently 2.6 days.

SSAB AB (publ) Stock Up 2.7 %

Shares of SSAAY traded up $0.06 during midday trading on Friday, hitting $2.41. The company had a trading volume of 61,758 shares, compared to its average volume of 2,631. The company has a quick ratio of 1.55, a current ratio of 2.68 and a debt-to-equity ratio of 0.09. SSAB AB has a 52 week low of $2.15 and a 52 week high of $4.01. The company’s 50 day moving average price is $2.39 and its 200 day moving average price is $2.65. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 4.39 and a beta of 1.46.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter. SSAB AB (publ) had a return on equity of 14.80% and a net margin of 9.34%. The firm had revenue of $2.65 billion for the quarter. On average, equities research analysts predict that SSAB AB will post 0.33 EPS 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.