Acerinox, S.A. (OTCMKTS:ANIOY) Sees Large Increase in Short Interest

Acerinox, S.A. (OTCMKTS:ANIOY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,800 shares, a growth of 5.6% from the October 31st total of 3,600 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is currently 1.2 days.

Acerinox Price Performance

Acerinox stock opened at $5.00 on Wednesday. The firm has a 50-day moving average price of $4.94 and a two-hundred day moving average price of $5.11. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 62.51 and a beta of 1.44. Acerinox has a 52-week low of $4.45 and a 52-week high of $5.80.

Acerinox (OTCMKTS:ANIOY) last posted its earnings results on Tuesday, October 29th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.44 billion during the quarter. Acerinox had a net margin of 0.79% and a return on equity of 8.11%. Research analysts expect that Acerinox will post 0.6 earnings per share for the current year.

Acerinox Company Profile

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.