SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Down 33.3% in December

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

SSAB AB (publ) Price Performance

Shares of SSAAY stock remained flat at $1.94 during trading hours on Thursday. The stock had a trading volume of 185 shares, compared to its average volume of 2,613. The firm’s fifty day simple moving average is $2.23 and its 200 day simple moving average is $2.40. 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 market capitalization of $3.87 billion, a price-to-earnings ratio of 5.24 and a beta of 1.41. SSAB AB has a one year low of $1.89 and a one year high of $4.01.

SSAB AB (publ) (OTCMKTS:SSAAY) last posted its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.05 earnings per share for the quarter. The company 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%. As a group, sell-side analysts forecast that SSAB AB will post 0.3 EPS for the current fiscal 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.