Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Increases By 26.9%

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

SSAB AB (publ) Trading Up 11.6 %

SSAAY stock opened at $2.61 on Monday. The company has a current ratio of 2.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a market cap of $5.38 billion, a P/E 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. The business’s 50 day moving average is $2.44 and its 200-day moving average is $2.81.

SSAB AB (publ) (OTCMKTS:SSAAY) last released its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.65 billion during the quarter. SSAB AB (publ) had a return on equity of 14.80% and a net margin of 9.34%. Equities analysts anticipate 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.