SSAB AB (publ) (OTCMKTS:SSAAF) Sees Large Drop in Short Interest

SSAB AB (publ) (OTCMKTS:SSAAF) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 6,385 shares, a decrease of 83.4% from the May 14th total of 38,496 shares. Based on an average daily volume of 11 shares, the days-to-cover ratio is presently 580.5 days.

SSAB AB (publ) Stock Performance

OTCMKTS SSAAF remained flat at $9.22 during trading hours on Wednesday. SSAB AB has a 12-month low of $5.69 and a 12-month high of $9.22. The stock has a 50 day simple moving average of $8.64 and a two-hundred day simple moving average of $8.06.

SSAB AB (publ) Company Profile

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.