SSAB AB (publ) (OTCMKTS:SSAAF) Sees Large Drop in Short Interest

SSAB AB (publ) (OTCMKTS:SSAAF) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 7,100 shares, a drop of 99.3% from the October 31st total of 978,600 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 71.0 days.

SSAB AB (publ) Stock Performance

SSAB AB (publ) stock remained flat at $5.07 during mid-day trading on Thursday. The business’s fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $5.16. SSAB AB has a one year low of $4.32 and a one year high of $8.23.

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.