SSAB (OTCMKTS:SSAAY) Short Interest Update

SSAB (OTCMKTS:SSAAY) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 47 shares, a decrease of 95.4% from the May 31st total of 1,013 shares. Based on an average daily volume of 830 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SSAAY shares. Morgan Stanley upgraded SSAB from an “overweight” rating to an “overweight” rating in a research report on Tuesday, May 5th. Citigroup reaffirmed a “buy” rating on shares of SSAB in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SSAB in a report on Monday, April 13th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, SSAB has an average rating of “Moderate Buy”.

SSAB Price Performance

SSAAY stock remained flat at $5.17 during midday trading on Thursday. 8 shares of the company’s stock were exchanged, compared to its average volume of 242. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 17.81 and a beta of 1.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.48 and a quick ratio of 1.39. The stock’s 50 day simple moving average is $4.87 and its 200-day simple moving average is $4.36. SSAB has a 1 year low of $2.80 and a 1 year high of $5.30.

SSAB (OTCMKTS:SSAAY) last issued its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.09 EPS for the quarter. SSAB had a return on equity of 8.13% and a net margin of 5.59%.The firm had revenue of $2.77 billion for the quarter. As a group, analysts anticipate that SSAB will post 0.38 earnings per share for the current fiscal year.

About SSAB

SSAB (OTCMKTS:SSAAY) is a Swedish steel producer specializing in high-strength and wear-resistant steels. The company develops and manufactures steel products for customers in industries such as construction, automotive, mining and heavy transport. SSAB’s key brands include Hardox® for abrasion-resistant steel, Strenx® for high-strength steel in structural applications and Docol® for advanced automotive steel solutions.

Founded in 1978 through the merger of Sweden’s state-owned steelworks, SSAB was privatized in the mid-1980s and listed on the Nasdaq Stockholm exchange.