Acerinox, S.A. (OTCMKTS:ANIOY) Short Interest Up 25.0% in April

Acerinox, S.A. (OTCMKTS:ANIOYGet Rating) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 4,500 shares, an increase of 25.0% from the April 15th total of 3,600 shares. Based on an average trading volume of 20,800 shares, the short-interest ratio is presently 0.2 days.

Shares of OTCMKTS:ANIOY opened at $5.33 on Tuesday. Acerinox has a 52 week low of $4.95 and a 52 week high of $7.31. The company’s 50 day moving average is $5.38 and its two-hundred day moving average is $6.00. The company has a current ratio of 1.99, a quick ratio of 1.09 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.88 billion, a PE ratio of 4.29 and a beta of 1.58.

Acerinox (OTCMKTS:ANIOYGet Rating) last announced its quarterly earnings data on Monday, February 28th. The company reported $0.42 EPS for the quarter. Acerinox had a net margin of 8.51% and a return on equity of 28.45%. The company had revenue of $2.22 billion for the quarter. As a group, equities research analysts expect that Acerinox will post 1.71 EPS for the current year.

ANIOY has been the topic of several analyst reports. Credit Suisse Group upgraded Acerinox from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Acerinox from €18.00 ($18.75) to €19.00 ($19.79) and gave the company a “buy” rating in a research note on Thursday, May 12th. Morgan Stanley cut their target price on shares of Acerinox from €16.50 ($17.19) to €11.70 ($12.19) and set an “overweight” rating on the stock in a research note on Wednesday, March 23rd. JPMorgan Chase & Co. decreased their price target on shares of Acerinox from €20.25 ($21.09) to €17.00 ($17.71) in a research note on Thursday, April 28th. Finally, Zacks Investment Research downgraded shares of Acerinox from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Acerinox currently has a consensus rating of “Buy” and a consensus target price of $13.43.

Acerinox Company Profile (Get Rating)

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe. The company offers flat products, including coil cold rollings, hot rolled and black coils, teardrop steel or coils, and hot and cold rolled sheets, as well as roughing materials, discs, billets, and plates.

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