Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Drops By 33.3%

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

SSAB AB (publ) Stock Performance

Shares of SSAAY remained flat at $1.94 on Thursday. The stock had a trading volume of 185 shares, compared to its average volume of 2,613. The company has a quick ratio of 1.55, a current ratio of 2.83 and a debt-to-equity ratio of 0.09. SSAB AB has a 52 week low of $1.89 and a 52 week high of $4.01. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 5.24 and a beta of 1.41. The company’s 50-day moving average price is $2.23 and its 200-day moving average price is $2.40.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. The firm had revenue of $2.34 billion for the quarter. On average, analysts expect that SSAB AB will post 0.3 EPS 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.