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

SSAB AB (publ) (OTCMKTS:SSAAY) was the target of a large drop in short interest in 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 days-to-cover ratio is presently 0.7 days.

SSAB AB (publ) Price Performance

SSAB AB (publ) stock remained flat at $1.94 during mid-day trading on Thursday. The company had a trading volume of 185 shares, compared to its average volume of 2,613. 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 twelve month low of $1.89 and a twelve month high of $4.01. The company has a quick ratio of 1.55, a current ratio of 2.83 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $2.23 and a 200 day moving average price of $2.40.

SSAB AB (publ) (OTCMKTS:SSAAY) last issued its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.05 EPS for the quarter. The business 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 expect that SSAB AB will post 0.3 EPS 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.