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

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

SSAB AB (publ) Trading Up 5.6 %

Shares of OTCMKTS:SSAAY traded up $0.11 during midday trading on Tuesday, reaching $2.03. The company's stock had a trading volume of 8,038 shares, compared to its average volume of 4,673. SSAB AB has a fifty-two week low of $1.90 and a fifty-two week high of $4.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 2.83. The firm has a 50 day moving average price of $2.25 and a two-hundred day moving average price of $2.41. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 5.49 and a beta of 1.41.

SSAB AB (publ) (OTCMKTS:SSAAY - Get Free Report) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $2.34 billion for the quarter. SSAB AB (publ) had a net margin of 7.47% and a return on equity of 11.51%. As a group, analysts forecast that SSAB AB will post 0.3 earnings per share for the current 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.