SSAB (OTCMKTS:SSAAY) Short Interest Update

SSAB (OTCMKTS:SSAAY) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 14 shares, a decrease of 72.0% from the April 15th total of 50 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 511 shares, the short-interest ratio is presently 0.0 days.

SSAB Price Performance

SSAAY remained flat at $4.90 during trading hours on Wednesday. The company had a trading volume of 59 shares, compared to its average volume of 342. SSAB has a 12-month low of $2.80 and a 12-month high of $4.90. The stock has a market cap of $9.77 billion, a PE ratio of 16.90 and a beta of 1.39. The business has a fifty day moving average of $4.31 and a 200-day moving average of $3.99. The company has a current ratio of 2.48, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10.

SSAB (OTCMKTS:SSAAY) last released its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.09 EPS for the quarter. SSAB had a return on equity of 8.13% and a net margin of 5.59%.The firm had revenue of $2.77 billion for the quarter. Analysts expect that SSAB will post 0.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SSAAY shares. Citigroup reiterated a “buy” rating on shares of SSAB in a report on Thursday, January 22nd. Morgan Stanley upgraded SSAB from an “overweight” rating to an “overweight” rating in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SSAB in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About SSAB

SSAB (OTCMKTS:SSAAY) is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB’s key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.

Founded in 1978 through the merger of Sweden’s state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.