Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY – Get Free Report) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 694 shares, a drop of 68.2% from the October 15th total of 2,181 shares. Based on an average daily trading volume, of 1,230 shares, the days-to-cover ratio is presently 0.6 days.
Eregli Demir ve Çelik Fabrikalari T.A.S. Stock Down 1.8%
Eregli Demir ve Çelik Fabrikalari T.A.S. stock opened at $6.38 on Friday. The stock has a 50-day simple moving average of $7.36 and a 200 day simple moving average of $7.50. Eregli Demir ve Çelik Fabrikalari T.A.S. has a 12-month low of $5.84 and a 12-month high of $8.02.
Eregli Demir ve Çelik Fabrikalari T.A.S. Company Profile
Eregli Demir ve Çelik Fabrikalari T.A.S., commonly known as Erdemir, is a Turkish steel producer headquartered in the city of Kdz. Ereğli. Founded in 1960, the company began production in 1965 and is a major integrated producer of flat steel in Türkiye. Erdemir makes steel products including hot-rolled and cold-rolled steel, coated steel and steel plate. Its products serve industries such as construction, automotive, shipbuilding, energy and manufacturing. The company also has activities connected to raw materials and steel production.
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