SSAB AB (publ) (OTCMKTS:SSAAF) Sees Significant Growth in Short Interest

SSAB AB (publ) (OTCMKTS:SSAAF) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 74,671 shares, a growth of 116.5% from the June 30th total of 34,491 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

SSAB AB (publ) Price Performance

OTCMKTS:SSAAF opened at $9.33 on Tuesday. The stock’s 50 day simple moving average is $9.33 and its 200-day simple moving average is $8.58. SSAB AB has a 12-month low of $5.69 and a 12-month high of $9.99.

SSAB AB (publ) Company Profile

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.