Aperam (OTCMKTS:APEMY) Short Interest Update

Aperam (OTCMKTS:APEMY) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,566 shares, an increase of 18.7% from the March 15th total of 2,161 shares. Based on an average trading volume of 1,387 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

APEMY has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Oddo Bhf lowered shares of Aperam to a “neutral” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a report on Tuesday. Jefferies Financial Group upgraded shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Research downgraded shares of Aperam from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Aperam Stock Performance

Shares of APEMY opened at $50.00 on Friday. The company has a 50-day simple moving average of $44.78 and a 200-day simple moving average of $41.26. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.66 billion, a PE ratio of 312.52 and a beta of 1.18. Aperam has a 52-week low of $28.95 and a 52-week high of $54.50.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.69 billion. Aperam had a net margin of 0.17% and a return on equity of 1.05%. Equities research analysts predict that Aperam will post 2.84 earnings per share for the current fiscal year.

Aperam Company Profile

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.