SSAB AB (publ) (OTCMKTS:SSAAF) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAF) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 6,385 shares, a decline of 83.4% from the May 14th total of 38,496 shares. Based on an average daily trading volume, of 11 shares, the short-interest ratio is currently 580.5 days.

SSAB AB (publ) Price Performance

Shares of SSAAF stock remained flat at $9.22 during trading hours on Wednesday. The business’s 50-day moving average price is $8.64 and its 200 day moving average price is $8.06. SSAB AB has a 52 week low of $5.69 and a 52 week high of $9.22.

About SSAB AB (publ)

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.