SSAB AB (publ) (OTCMKTS:SSAAF) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAF) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 25,179 shares, an increase of 343.1% from the December 31st total of 5,682 shares. Based on an average daily volume of 726 shares, the days-to-cover ratio is presently 34.7 days. Based on an average daily volume of 726 shares, the days-to-cover ratio is presently 34.7 days.

SSAB AB (publ) Stock Performance

Shares of SSAB AB (publ) stock opened at $8.65 on Friday. The company’s 50 day moving average price is $7.55 and its two-hundred day moving average price is $6.77. SSAB AB has a fifty-two week low of $5.09 and a fifty-two week high of $8.65.

About SSAB AB (publ)

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.