SSAB (OTCMKTS:SSAAY) Short Interest Update

SSAB (OTCMKTS:SSAAY) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 14 shares, a drop of 72.0% from the April 15th total of 50 shares. Based on an average daily volume of 511 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several brokerages recently weighed in on SSAAY. Morgan Stanley raised shares of SSAB from an “overweight” rating to an “overweight” rating in a research note on Tuesday, May 5th. Citigroup reissued a “buy” rating on shares of SSAB in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SSAB in a research report on Monday, April 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

SSAB Price Performance

Shares of SSAB stock remained flat at $4.90 on Wednesday. The stock had a trading volume of 59 shares, compared to its average volume of 342. SSAB has a 1-year low of $2.80 and a 1-year high of $4.90. The company has a market capitalization of $9.77 billion, a P/E ratio of 16.90 and a beta of 1.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 2.48. The stock’s fifty day moving average is $4.31 and its 200 day moving average is $3.99.

SSAB (OTCMKTS:SSAAY) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.09 EPS for the quarter. SSAB had a return on equity of 8.13% and a net margin of 5.59%.The business had revenue of $2.77 billion during the quarter. On average, research analysts predict that SSAB will post 0.38 earnings per share for the current fiscal year.

About SSAB

SSAB (OTCMKTS:SSAAY) is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB’s key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.

Founded in 1978 through the merger of Sweden’s state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.