Short Interest in SSAB AB (publ) (OTCMKTS:SSAAY) Decreases By 70.9%

SSAB AB (publ) (OTCMKTS:SSAAY) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,500 shares, a decrease of 70.9% from the October 15th total of 8,600 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 0.2 days.

SSAB AB (publ) Price Performance

SSAB AB (publ) stock traded down $0.09 during midday trading on Wednesday, hitting $2.35. 2,420 shares of the company were exchanged, compared to its average volume of 2,564. SSAB AB has a fifty-two week low of $2.15 and a fifty-two week high of $4.01. The business has a fifty day simple moving average of $2.39 and a two-hundred day simple moving average of $2.59. The company has a quick ratio of 1.55, a current ratio of 2.83 and a debt-to-equity ratio of 0.09.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $2.34 billion for the quarter. SSAB AB (publ) had a return on equity of 11.51% and a net margin of 7.47%. Research analysts forecast that SSAB AB will post 0.31 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.