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

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 4,200 shares, a decline of 33.3% from the December 31st total of 6,300 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.7 days.

SSAB AB (publ) Price Performance

SSAB AB (publ) stock opened at $2.45 on Friday. The stock’s 50 day moving average price is $2.17 and its two-hundred day moving average price is $2.35. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 7.36 and a beta of 1.41. 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 has a 52-week low of $1.89 and a 52-week high of $4.01.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its quarterly earnings data on Tuesday, January 28th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). SSAB AB (publ) had a return on equity of 9.40% and a net margin of 6.33%. On average, equities analysts predict that SSAB AB will post 0.27 earnings per share 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.