SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Down 94.9% in September

SSAB AB (publ) (OTCMKTS:SSAAY) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 500 shares, a drop of 94.9% from the September 15th total of 9,800 shares. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.0 days.

Shares of OTCMKTS:SSAAY traded up $0.03 during trading on Thursday, reaching $2.43. 2,531 shares of the company’s stock traded hands, compared to its average volume of 6,720. The company has a quick ratio of 0.90, a current ratio of 1.71 and a debt-to-equity ratio of 0.16. SSAB AB has a fifty-two week low of $1.50 and a fifty-two week high of $3.11. The firm has a market cap of $5.01 billion, a PE ratio of 9.23 and a beta of 1.23. The company has a 50-day simple moving average of $2.65 and a 200-day simple moving average of $2.65.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings data on Wednesday, July 21st. The basic materials company reported $0.19 earnings per share (EPS) for the quarter. SSAB AB (publ) had a return on equity of 7.80% and a net margin of 5.92%. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.88 billion. On average, equities research analysts forecast that SSAB AB will post 0.66 EPS for the current year.

SSAAY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised SSAB AB (publ) from a “hold” rating to a “buy” rating in a research report on Wednesday, September 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of SSAB AB (publ) in a research report on Monday, July 26th. Oddo Bhf raised SSAB AB (publ) from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 23rd. UBS Group reaffirmed a “buy” rating on shares of SSAB AB (publ) in a research report on Thursday, July 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of SSAB AB (publ) in a research report on Tuesday, September 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $2.75.

SSAB AB (publ) Company Profile

SSAB AB engages in producing steel and construction solutions. It operates through the following five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment market and sell quenched and tempered steels and hot rolled. The SSAB Europe segment focuses in the strip, plate, and tubular products.

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