SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAY – Get Rating) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,000 shares, an increase of 25.0% from the February 13th total of 800 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 1.0 days.

SSAB AB (publ) Stock Performance

Shares of SSAAY opened at $3.64 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.53 and a quick ratio of 1.29. SSAB AB has a one year low of $2.03 and a one year high of $4.03. The firm has a market capitalization of $7.50 billion, a P/E ratio of -8.67 and a beta of 1.31. The business has a fifty day moving average of $3.37 and a 200 day moving average of $2.84.

SSAB AB (publ) (OTCMKTS:SSAAY – Get Rating) last issued its quarterly earnings data on Friday, January 27th. The basic materials company reported $0.15 EPS for the quarter. SSAB AB (publ) had a positive return on equity of 26.05% and a negative net margin of 6.70%. The company had revenue of $2.81 billion during the quarter. As a group, sell-side analysts anticipate that SSAB AB will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

SSAAY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on SSAB AB (publ) from SEK 63 to SEK 68 and gave the company a “hold” rating in a research note on Wednesday, January 18th. JPMorgan Chase & Co. lifted their target price on SSAB AB (publ) from SEK 49 to SEK 50 and gave the stock an “underweight” rating in a report on Thursday, January 19th. Danske lowered SSAB AB (publ) from a “hold” rating to a “sell” rating in a report on Thursday, December 22nd. Finally, Morgan Stanley lowered SSAB AB (publ) from an “overweight” rating to an “equal weight” rating in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.25.

SSAB AB (publ) Company Profile

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SSAB AB engages in the production of steel and construction solutions. It operates through the following segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment markets and sells quenched, tempered, and hot rolled steels. The SSAB Europe segment focuses on strip, plate, and tubular products.