Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Expands By 128.0%

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,700 shares, an increase of 128.0% from the October 31st total of 2,500 shares. Based on an average daily volume of 2,800 shares, the short-interest ratio is currently 2.0 days.

SSAB AB (publ) Trading Down 2.7 %

SSAB AB (publ) stock traded down $0.06 during trading on Friday, hitting $2.27. The company’s stock had a trading volume of 750 shares, compared to its average volume of 1,298. The stock’s fifty day moving average is $2.41 and its 200 day moving average is $2.56. SSAB AB has a 1-year low of $2.15 and a 1-year high of $4.01. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 6.15 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.83.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. The business had revenue of $2.34 billion for the quarter. As a group, equities research analysts predict that SSAB AB will post 0.3 EPS for the current 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.