Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Rises By 26.9%

SSAB AB (publ) (OTCMKTS:SSAAY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 11,800 shares, a growth of 26.9% from the August 31st total of 9,300 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 5.9 days.

SSAB AB (publ) Trading Up 11.6 %

Shares of SSAAY stock opened at $2.61 on Monday. The company has a current ratio of 2.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. SSAB AB has a 1 year low of $2.15 and a 1 year high of $4.01. The firm’s fifty day simple moving average is $2.44 and its 200 day simple moving average is $2.81. The firm has a market capitalization of $5.38 billion, a P/E ratio of 4.75 and a beta of 1.46.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its earnings results on Wednesday, July 24th. The basic materials company reported $0.11 earnings per share for the quarter. SSAB AB (publ) had a return on equity of 14.80% and a net margin of 9.34%. The business had revenue of $2.65 billion for the quarter. As a group, sell-side analysts predict that SSAB AB will post 0.34 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.