SSAB AB (publ) (OTCMKTS:SSAAY) Short Interest Update

SSAB AB (publ) (OTCMKTS:SSAAY – Get Rating) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 1,000 shares, a decline of 92.1% from the April 30th total of 12,600 shares. Based on an average daily trading volume, of 3,200 shares, the short-interest ratio is currently 0.3 days.

Shares of SSAAY stock traded down $0.03 during midday trading on Wednesday, reaching $2.90. 5,100 shares of the company were exchanged, compared to its average volume of 3,232. SSAB AB has a 12 month low of $2.28 and a 12 month high of $4.03. The company has a market cap of $5.98 billion, a P/E ratio of 2.76 and a beta of 1.25. The company’s 50 day moving average price is $3.22 and its two-hundred day moving average price is $2.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.07 and a current ratio of 2.06.

The business also recently declared a dividend, which was paid on Thursday, April 28th. Shareholders of record on Friday, April 8th were given a dividend of $0.2045 per share. The ex-dividend date was Thursday, April 7th. This represents a dividend yield of 5.62%. SSAB AB (publ)’s dividend payout ratio (DPR) is 19.05%.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of SSAB AB (publ) from SEK 76 to SEK 77 and gave the company an “overweight” rating in a report on Wednesday, April 27th. Morgan Stanley boosted their target price on shares of SSAB AB (publ) from SEK 82 to SEK 83 in a research note on Monday, April 11th. Kepler Capital Markets raised shares of SSAB AB (publ) from a “hold” rating to a “buy” rating and boosted their target price for the company from SEK 65 to SEK 80 in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of SSAB AB (publ) from SEK 59 to SEK 63 and gave the company a “hold” rating in a research note on Thursday, April 14th. Finally, Zacks Investment Research lowered shares of SSAB AB (publ) from a “buy” rating to a “hold” rating in a research note on Saturday, April 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $61.35.

SSAB AB (publ) Company Profile (Get Rating)

SSAB AB (publ) produces and sells steel products in the United States, Sweden, Finland, Germany, Denmark, 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 hot-rolled advanced high-strength steel products.

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