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

Acerinox, S.A. (OTCMKTS:ANIOY) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,500 shares, an increase of 66.7% from the September 15th total of 900 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 1.4 days.

Acerinox Stock Performance

OTCMKTS:ANIOY opened at $5.05 on Friday. Acerinox has a 12 month low of $4.53 and a 12 month high of $5.80. The company has a market cap of $2.52 billion, a PE ratio of 38.85 and a beta of 1.43. The company has a 50 day simple moving average of $5.15 and a two-hundred day simple moving average of $5.30.

Acerinox (OTCMKTS:ANIOY) last posted its earnings results on Wednesday, July 24th. The company reported $0.13 EPS for the quarter. Acerinox had a net margin of 1.13% and a return on equity of 8.99%. The business had revenue of $1.40 billion during the quarter. Research analysts forecast that Acerinox will post 0.56 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.