Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Expands By 31.7%

SSAB AB (publ) (OTCMKTS:SSAAY) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 8,300 shares, a growth of 31.7% from the July 31st total of 6,300 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 2.8 days.

SSAB AB (publ) Price Performance

Shares of SSAB AB (publ) stock traded down $0.04 during trading on Friday, hitting $2.40. 1,821 shares of the stock traded hands, compared to its average volume of 2,427. The company has a quick ratio of 1.55, a current ratio of 2.68 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 4.36 and a beta of 1.49. The firm’s fifty day moving average is $2.62 and its 200-day moving average is $3.03. SSAB AB has a 52 week low of $2.35 and a 52 week high of $4.01.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.11 EPS for the quarter. The firm 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%. Research analysts expect that SSAB AB will post 0.34 EPS for the current fiscal year.

About SSAB AB (publ)

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.