Aperam (OTCMKTS:APEMY) Short Interest Update

Aperam (OTCMKTS:APEMY) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 13,410 shares, a growth of 617.5% from the February 12th total of 1,869 shares. Based on an average daily volume of 13,622 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 13,622 shares, the days-to-cover ratio is currently 1.0 days.

Aperam Price Performance

Aperam stock opened at $40.24 on Wednesday. The stock’s 50 day moving average is $45.58 and its 200 day moving average is $39.30. Aperam has a one year low of $25.97 and a one year high of $54.50. The firm has a market cap of $2.94 billion, a P/E ratio of 251.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82.

Aperam (OTCMKTS:APEMY) last released its earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. Aperam had a net margin of 0.17% and a return on equity of 1.05%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.69 billion. As a group, research analysts expect that Aperam will post 2.84 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on APEMY shares. Oddo Bhf downgraded Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Morgan Stanley reissued an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Zacks Research downgraded shares of Aperam from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Citigroup reiterated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.