Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY) Sees Large Growth in Short Interest

Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 25 shares, an increase of 212.5% from the July 15th total of 8 shares. Based on an average daily volume of 4 shares, the short-interest ratio is currently 6.2 days.

Eregli Demir ve Çelik Fabrikalari T.A.S. Stock Performance

Shares of ERELY remained flat at $9.00 during midday trading on Thursday. Eregli Demir ve Çelik Fabrikalari T.A.S. has a 1 year low of $4.96 and a 1 year high of $9.18. The firm’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $7.37.

Eregli Demir ve Çelik Fabrikalari T.A.S. Company Profile

Eregli Demir ve Çelik Fabrikalari T.A.S., together with its subsidiaries, produces and sells iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke, and by-products in Turkey and internationally. Its flat products include hot rolled flat steel products, cold-rolled flat steel products, and galvanized/galvanealed flat steel products; and tin/chrome coated flat steel products used in metal packaging industry. The company also provides various byproducts, including motor benzole, pure benzole, toluol, xylol, crude tar, ammonium sulphate, iron sulphate, and granulated high furnace slag.