Short Interest in Acerinox, S.A. (OTCMKTS:ANIOY) Drops By 10.5%

Acerinox, S.A. (OTCMKTS:ANIOY) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 3,400 shares, a drop of 10.5% from the May 31st total of 3,800 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 34.0 days.

Acerinox Price Performance

OTCMKTS ANIOY opened at $5.10 on Tuesday. Acerinox has a one year low of $4.53 and a one year high of $5.80. The stock has a 50-day moving average of $5.37 and a 200 day moving average of $5.45. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.29 and a current ratio of 2.27. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 17.01 and a beta of 1.45.

Acerinox (OTCMKTS:ANIOY) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $1.61 billion during the quarter. Acerinox had a net margin of 2.34% and a return on equity of 11.80%. On average, sell-side analysts forecast that Acerinox will post 0.54 EPS for the current year.

Acerinox Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, August 5th. Stockholders of record on Thursday, July 18th will be issued a dividend of $0.1183 per share. This is a boost from Acerinox’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, July 18th. Acerinox’s dividend payout ratio is presently 80.00%.

About Acerinox

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.