Aurubis AG (OTCMKTS:AIAGY) Sees Large Growth in Short Interest

Aurubis AG (OTCMKTS:AIAGYGet Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 200 shares, a growth of 100.0% from the April 15th total of 100 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 1.0 days.

Several brokerages have recently issued reports on AIAGY. Morgan Stanley increased their target price on Aurubis from €78.00 ($82.11) to €88.00 ($92.63) in a research report on Tuesday, January 25th. Deutsche Bank Aktiengesellschaft increased their target price on Aurubis from €90.00 ($94.74) to €95.00 ($100.00) and gave the stock a “hold” rating in a research report on Thursday, April 14th.

AIAGY stock opened at $61.20 on Friday. Aurubis has a twelve month low of $37.00 and a twelve month high of $63.50. The business has a 50 day moving average of $61.16 and a 200 day moving average of $52.11.

The business also recently disclosed a dividend, which was paid on Tuesday, March 8th. Investors of record on Friday, February 18th were given a dividend of $0.6151 per share. This represents a yield of 1.09%. The ex-dividend date was Thursday, February 17th.

About Aurubis (Get Rating)

Aurubis AG processes metal concentrates and recycling materials in Germany. The company processes scrap metals, organic and inorganic metalbearing recycling raw materials, and industrial residues. It also offers wire rods and specialty wires, shapes, bars and profiles, industrial rolled products, and architectural rolled products.

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