Acerinox, S.A. (OTCMKTS:ANIOY) Short Interest Update

Acerinox, S.A. (OTCMKTS:ANIOY – Get Rating) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,300 shares, a drop of 48.9% from the April 30th total of 4,500 shares. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is currently 0.6 days.

OTCMKTS:ANIOY opened at $6.32 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.99 and a debt-to-equity ratio of 0.62. The business’s 50-day simple moving average is $5.44 and its two-hundred day simple moving average is $5.95. The stock has a market cap of $3.42 billion, a PE ratio of 5.10 and a beta of 1.58. Acerinox has a 52 week low of $4.95 and a 52 week high of $7.31.

Acerinox (OTCMKTS:ANIOY – Get Rating) last posted its quarterly earnings results on Monday, February 28th. The company reported $0.42 EPS for the quarter. The business had revenue of $2.22 billion for the quarter. Acerinox had a return on equity of 28.45% and a net margin of 8.51%. Sell-side analysts anticipate that Acerinox will post 1.76 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on ANIOY shares. Deutsche Bank Aktiengesellschaft raised their price target on Acerinox from €18.00 ($19.15) to €19.00 ($20.21) and gave the stock a “buy” rating in a research note on Thursday, May 12th. JPMorgan Chase & Co. lowered their target price on Acerinox from €20.25 ($21.54) to €17.00 ($18.09) in a research report on Thursday, April 28th. Morgan Stanley lowered their target price on Acerinox from €16.50 ($17.55) to €11.70 ($12.45) and set an “overweight” rating on the stock in a research report on Wednesday, March 23rd. Credit Suisse Group upgraded Acerinox from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 24th. Finally, Zacks Investment Research downgraded Acerinox from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Acerinox has an average rating of “Buy” and a consensus price target of $13.43.

Acerinox Company Profile (Get Rating)

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe. The company offers flat products, including coil cold rollings, hot rolled and black coils, teardrop steel or coils, and hot and cold rolled sheets, as well as roughing materials, discs, billets, and plates.

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