Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,181 shares, an increase of 339.7% from the September 30th total of 496 shares. Based on an average trading volume of 511 shares, the short-interest ratio is presently 4.3 days.
Eregli Demir ve Çelik Fabrikalari T.A.S. Price Performance
ERELY opened at $6.46 on Friday. Eregli Demir ve Çelik Fabrikalari T.A.S. has a 12 month low of $6.11 and a 12 month high of $8.02. The business has a fifty day moving average price of $7.92 and a 200 day moving average price of $7.50.
Eregli Demir ve Çelik Fabrikalari T.A.S. Company Profile
Ereğli Demir ve Çelik Fabrikaları T.A.Ş., commonly known as Erdemir, is a Turkish integrated steel producer headquartered in Zonguldak Province. Established in 1960, the company operates a large steelmaking complex in Ereğli on Turkey’s Black Sea coast and is part of the OYAK Group.
Erdemir manufactures flat steel products, including hot-rolled, cold-rolled, galvanized, tin-coated and heavy-plate steel. These materials are used in industries such as automotive manufacturing, construction, household appliances, machinery, energy and general engineering.
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