Short Interest in Aperam S.A. (OTCMKTS:APEMY) Drops By 25.0%

Aperam S.A. (OTCMKTS:APEMY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,800 shares, a decrease of 25.0% from the August 15th total of 2,400 shares. Based on an average daily trading volume, of 1,200 shares, the days-to-cover ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered Aperam from a “neutral” rating to an “underweight” rating in a report on Wednesday, August 2nd.

Aperam Stock Performance

Shares of APEMY stock opened at $29.00 on Monday. The stock’s 50-day moving average is $30.04 and its two-hundred day moving average is $33.41. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 3.61 and a beta of 1.75. Aperam has a 1 year low of $24.20 and a 1 year high of $40.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.58 and a current ratio of 1.97.

Aperam Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, September 14th. Shareholders of record on Monday, August 21st were issued a dividend of $0.4531 per share. The ex-dividend date was Friday, August 18th. Aperam’s payout ratio is 22.54%.

About Aperam

Aperam SA, together with its subsidiaries, engages in the production and sale of stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.