Short Interest in Aperam (OTCMKTS:APEMY) Drops By 33.1%

Aperam (OTCMKTS:APEMY) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 1,688 shares, a decline of 33.1% from the June 30th total of 2,522 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 267 shares, the days-to-cover ratio is presently 6.3 days.

Aperam Price Performance

Shares of Aperam stock opened at $53.71 on Friday. The business has a 50 day simple moving average of $55.39 and a two-hundred day simple moving average of $49.57. Aperam has a 12 month low of $29.17 and a 12 month high of $61.65. The stock has a market capitalization of $3.93 billion, a P/E ratio of 26.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82.

Aperam (OTCMKTS:APEMY) last released its earnings results on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Aperam had a net margin of 2.10% and a return on equity of 2.40%. As a group, analysts predict that Aperam will post 2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APEMY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research report on Thursday, May 14th. Jefferies Financial Group raised shares of Aperam from a “hold” rating to a “buy” rating in a report on Wednesday, April 15th. Zacks Research upgraded shares of Aperam from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a report on Wednesday, May 20th. Finally, BNP Paribas Exane lowered shares of Aperam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Aperam

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.