Acerinox (OTCMKTS:ANIOY) Short Interest Down 62.2% in July

Acerinox (OTCMKTS:ANIOY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 415 shares, a drop of 62.2% from the July 15th total of 1,097 shares. Based on an average daily trading volume, of 3,391 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Acerinox Price Performance

ANIOY opened at $10.20 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79. The firm’s fifty day moving average price is $9.59 and its two-hundred day moving average price is $8.43. Acerinox has a fifty-two week low of $6.11 and a fifty-two week high of $10.74. The company has a market capitalization of $5.09 billion, a P/E ratio of 78.46 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Acerinox had a net margin of 0.95% and a return on equity of 2.59%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $3.51 billion. On average, analysts anticipate that Acerinox will post 0.51 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. BNP Paribas Exane downgraded shares of Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Citigroup restated a “buy” rating on shares of Acerinox in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a research report on Monday, July 27th. Zacks Research upgraded Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Acerinox

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.