Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY) Shares Shorted: Short Interest Up 339.7% in October

Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,181 shares, an increase of 339.7% from the September 30th total of 496 shares. Based on an average daily volume of 511 shares, the short-interest ratio is presently 4.3 days.

Eregli Demir ve Çelik Fabrikalari T.A.S. Stock Performance

Shares of Eregli Demir ve Çelik Fabrikalari T.A.S. stock opened at $6.28 on Wednesday. The business’s 50 day moving average price is $8.02 and its 200 day moving average price is $7.49. Eregli Demir ve Çelik Fabrikalari T.A.S. has a one year low of $6.28 and a one year high of $8.02.

About Eregli Demir ve Çelik Fabrikalari T.A.S.

Ereğli Demir ve Çelik Fabrikaları T.A.Ş., commonly known as Erdemir, is a Turkish integrated steel producer headquartered in Zonguldak Province. Established in 1960, the company operates a large steelmaking complex in Ereğli on Turkey’s Black Sea coast and is part of the OYAK Group.

Erdemir manufactures flat steel products, including hot-rolled, cold-rolled, galvanized, tin-coated and heavy-plate steel. These materials are used in industries such as automotive manufacturing, construction, household appliances, machinery, energy and general engineering.