SSAB AB (publ) (OTCMKTS:SSAAY) Sees Significant Decline in Short Interest

SSAB AB (publ) (OTCMKTS:SSAAY) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,000 shares, a decline of 87.6% from the March 31st total of 16,100 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is currently 0.5 days.

SSAB AB (publ) Stock Performance

Shares of SSAAY stock traded up $0.07 during trading hours on Friday, hitting $2.82. The stock had a trading volume of 2,847 shares, compared to its average volume of 3,688. The stock’s 50 day moving average is $3.55 and its 200 day moving average is $3.50. The firm has a market capitalization of $5.81 billion, a PE ratio of 5.13 and a beta of 1.46. SSAB AB has a twelve month low of $2.51 and a twelve month high of $4.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.63 and a quick ratio of 1.45.

SSAB AB (publ) (OTCMKTS:SSAAY) last announced its earnings results on Wednesday, January 31st. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $2.49 billion during the quarter. SSAB AB (publ) had a net margin of 10.37% and a return on equity of 17.33%. As a group, research analysts forecast that SSAB AB will post 0.38 earnings per share for the current fiscal year.

SSAB AB (publ) Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be given a $0.2366 dividend. The ex-dividend date is Thursday, April 25th. SSAB AB (publ)’s dividend payout ratio (DPR) is 54.55%.

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.