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 significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 101 shares, a growth of 304.0% from the August 31st total of 25 shares. Based on an average daily trading volume, of 23 shares, the short-interest ratio is currently 4.4 days.

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

OTCMKTS ERELY remained flat at $7.15 during trading on Friday. 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 $8.70 and its two-hundred day simple moving average is $7.84.

About Eregli Demir ve Çelik Fabrikalari T.A.S.

Ereğli Demir ve Çelik Fabrikaları T.A.Ş., commonly known as Erdemir, is a Turkey-based integrated steel producer. The company manufactures flat steel products used in industries including automotive, construction, appliances, energy, machinery and general manufacturing.

Erdemir’s product portfolio includes hot-rolled and cold-rolled steel, galvanized steel, tinplate, heavy plate and other specialized steel products. Its operations include steelmaking, rolling, finishing and related industrial activities, supported by facilities in Türkiye’s Black Sea and Mediterranean regions through the Erdemir Group.

Founded in 1960, Erdemir has grown into one of Türkiye’s major steel producers.