Short Interest in Aperam (OTCMKTS:APEMY) Decreases By 83.9%

Aperam (OTCMKTS:APEMY) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,161 shares, a decrease of 83.9% from the February 26th total of 13,410 shares. Based on an average trading volume of 4,092 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 4,092 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

A number of research firms recently weighed in on APEMY. Citigroup reissued a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Morgan Stanley reissued an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Zacks Research lowered Aperam from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Oddo Bhf downgraded Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Aperam has a consensus rating of “Hold”.

Aperam Stock Performance

OTCMKTS:APEMY traded down $0.80 on Tuesday, reaching $39.21. 170 shares of the company’s stock were exchanged, compared to its average volume of 3,147. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 245.08 and a beta of 1.05. Aperam has a 52 week low of $25.97 and a 52 week high of $54.50. The stock has a fifty day simple moving average of $45.14 and a 200-day simple moving average of $39.83.

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

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.