Aperam (OTCMKTS:APEMY) Short Interest Down 23.6% in January

Aperam (OTCMKTS:APEMY) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,429 shares, a decrease of 23.6% from the December 31st total of 1,870 shares. Based on an average daily volume of 389 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 389 shares, the days-to-cover ratio is currently 3.7 days.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on APEMY shares. Citigroup reissued a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. Zacks Research upgraded Aperam from a “strong sell” rating to a “strong-buy” rating in a report on Friday, January 9th. Oddo Bhf lowered Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley upgraded Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Aperam Price Performance

Shares of OTCMKTS:APEMY opened at $43.00 on Friday. Aperam has a 1-year low of $25.97 and a 1-year high of $43.00. The firm has a fifty day moving average price of $40.54 and a 200 day moving average price of $35.97. The stock has a market cap of $3.15 billion, a P/E ratio of -358.30 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 0.47.

Aperam (OTCMKTS:APEMY) last released its earnings results on Friday, November 7th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.34). Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.69 billion. Sell-side analysts predict that Aperam will post 2.84 EPS for the current year.

Aperam Company Profile

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.