Acerinox (OTCMKTS:ANIOY) Sees Large Drop in Short Interest

Acerinox (OTCMKTS:ANIOY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 415 shares, a drop of 62.2% from the July 15th total of 1,097 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,391 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ANIOY shares. Morgan Stanley reissued an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Jefferies Financial Group raised shares of Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. Zacks Research raised shares of Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Acerinox in a report on Monday, July 13th. Finally, BNP Paribas Exane lowered Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Acerinox Stock Performance

Shares of ANIOY stock opened at $10.20 on Friday. The business’s 50 day simple moving average is $9.59 and its 200 day simple moving average is $8.43. Acerinox has a one year low of $6.11 and a one year high of $10.74. The stock has a market capitalization of $5.09 billion, a PE ratio of 78.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79.

Acerinox (OTCMKTS:ANIOY) last released its quarterly earnings results on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $3.51 billion. Acerinox had a net margin of 0.95% and a return on equity of 2.59%. As a group, research analysts forecast that Acerinox will post 0.51 earnings per share for the current year.

Acerinox Company Profile

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.