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

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 100 shares, a decrease of 99.3% from the January 15th total of 14,200 shares. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is currently 0.0 days.

SSAB AB (publ) Stock Performance

SSAAY remained flat at $2.74 on Friday. 7 shares of the company were exchanged, compared to its average volume of 2,890. SSAB AB has a twelve month low of $1.89 and a twelve month high of $4.01. The firm has a market cap of $5.46 billion, a PE ratio of 9.13 and a beta of 1.42. The firm's fifty day simple moving average is $2.22 and its two-hundred day simple moving average is $2.34. 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 (publ) (OTCMKTS:SSAAY - Get Free Report) last announced its earnings results on Tuesday, January 28th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). SSAB AB (publ) had a return on equity of 9.40% and a net margin of 6.33%. On average, sell-side analysts expect that SSAB AB will post 0.24 EPS for the current year.

About SSAB AB (publ)

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.