Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Decreases By 87.6%

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 2,000 shares, a decline of 87.6% from the March 31st total of 16,100 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is currently 0.5 days.

SSAB AB (publ) Price Performance

SSAAY stock traded up $0.07 during trading on Friday, hitting $2.82. The company had a trading volume of 2,847 shares, compared to its average volume of 3,688. The business has a 50 day moving average of $3.55 and a 200 day moving average of $3.50. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 5.13 and a beta of 1.46. The company has a current ratio of 2.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.09. SSAB AB has a fifty-two week low of $2.51 and a fifty-two week high of $4.01.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. SSAB AB (publ) had a net margin of 10.37% and a return on equity of 17.33%. The business had revenue of $2.49 billion during the quarter. As a group, research analysts predict that SSAB AB will post 0.38 earnings per share for the current year.

SSAB AB (publ) Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be issued a $0.2366 dividend. The ex-dividend date of this dividend is Thursday, April 25th. SSAB AB (publ)’s payout ratio is 54.55%.

About SSAB AB (publ)

SSAB AB (publ) produces and sells steel products in Sweden, Finland, Rest of Europe, the United States, and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor, and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels, and advanced high-strength steel products for steel and plate production.