SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Down 33.3% in January

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 4,200 shares, a drop of 33.3% from the December 31st total of 6,300 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.7 days.

SSAB AB (publ) Stock Performance

Shares of OTCMKTS:SSAAY remained flat at $2.21 during trading on Thursday. The stock had a trading volume of 117 shares, compared to its average volume of 3,283. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 5.97 and a beta of 1.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.83. SSAB AB has a 12 month low of $1.89 and a 12 month high of $4.01. The company's 50 day moving average is $2.16 and its 200-day moving average is $2.35.

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last announced its earnings results on Tuesday, January 28th. The basic materials company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). SSAB AB (publ) had a return on equity of 11.51% and a net margin of 7.47%. On average, sell-side analysts expect that SSAB AB will post 0.3 earnings per share for the current fiscal year.

SSAB AB (publ) Company Profile

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.