Aperam (OTCMKTS:APEMY) Sees Large Drop in Short Interest

Aperam (OTCMKTS:APEMY) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 1,696 shares, a decline of 35.1% from the September 30th total of 2,615 shares. Based on an average daily trading volume, of 1,817 shares, the short-interest ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are sold short.

Aperam Stock Performance

OTCMKTS APEMY opened at $39.63 on Tuesday. Aperam has a 1 year low of $35.30 and a 1 year high of $61.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.63 and a quick ratio of 0.55. The stock has a market capitalization of $2.90 billion, a PE ratio of 33.19 and a beta of 1.34. The company’s 50 day simple moving average is $48.40 and its two-hundred day simple moving average is $49.70.

Analyst Upgrades and Downgrades

APEMY has been the topic of a number of recent research reports. BNP Paribas Exane lowered Aperam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a report on Friday, September 4th. Finally, Zacks Research lowered Aperam from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Aperam

Aperam SA is a Luxembourg-based producer of stainless and specialty steel products. The company manufactures a broad range of stainless steel, electrical steel and specialty alloys for applications in industries such as automotive, construction, engineering, energy, food processing and consumer goods.

Its product portfolio includes flat and long stainless steel products, precision and specialty materials, and high-performance alloys designed for demanding industrial uses. Aperam also provides processing, distribution and technical services through its services and solutions activities.

The company has an integrated industrial and commercial presence across Europe and Brazil, with additional international sales coverage.