SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAY) saw a large growth in short interest in 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 trading volume of 2,000 shares, the days-to-cover ratio is currently 5.9 days.

SSAB AB (publ) Stock Performance

Shares of SSAAY opened at $2.61 on Friday. The stock has a 50-day simple moving average of $2.44 and a 200-day simple moving average of $2.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.68. The stock has a market capitalization of $5.38 billion, a PE ratio of 4.75 and a beta of 1.46. SSAB AB has a 1 year low of $2.15 and a 1 year high of $4.01.

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