Short Interest in Aperam (OTCMKTS:APEMY) Rises By 30.8%

Aperam (OTCMKTS:APEMY) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,869 shares, a growth of 30.8% from the January 29th total of 1,429 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,942 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 2,942 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Aperam Price Performance

APEMY opened at $46.73 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82. The stock has a market capitalization of $3.42 billion, a P/E ratio of 292.08 and a beta of 1.06. The company’s 50 day simple moving average is $45.31 and its 200-day simple moving average is $38.88. Aperam has a one year low of $25.97 and a one year high of $54.50.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.69 billion. Aperam had a return on equity of 1.05% and a net margin of 0.17%. Sell-side analysts anticipate that Aperam will post 2.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on APEMY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Oddo Bhf lowered shares of Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Zacks Research lowered shares of Aperam from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Citigroup reiterated a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.