Eregli Demir ve Çelik Fabrikalari T.A.S. (OTCMKTS:ERELY – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 496 shares, a growth of 391.1% from the September 15th total of 101 shares. Based on an average trading volume of 92 shares, the days-to-cover ratio is presently 5.4 days.
Eregli Demir ve Çelik Fabrikalari T.A.S. Stock Performance
ERELY opened at $7.62 on Friday. The company’s 50 day moving average is $8.43 and its 200-day moving average is $7.92. Eregli Demir ve Çelik Fabrikalari T.A.S. has a 1-year low of $7.15 and a 1-year high of $8.02.
About Eregli Demir ve Çelik Fabrikalari T.A.S.
Ereğli Demir ve Çelik Fabrikaları T.A.Ş., commonly known as Erdemir, is a Turkey-based integrated steel producer. The company manufactures flat steel products used in industries including automotive, construction, appliances, energy, machinery and general manufacturing.
Erdemir’s product portfolio includes hot-rolled and cold-rolled steel, galvanized steel, tinplate, heavy plate and other specialized steel products. Its operations include steelmaking, rolling, finishing and related industrial activities, supported by facilities in Türkiye’s Black Sea and Mediterranean regions through the Erdemir Group.
Founded in 1960, Erdemir has grown into one of Türkiye’s major steel producers.
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