SSAB AB (publ) (OTCMKTS:SSAAF) Short Interest Down 98.0% in January

SSAB AB (publ) (OTCMKTS:SSAAF) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 511 shares, a decrease of 98.0% from the January 15th total of 25,179 shares. Based on an average trading volume of 243 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 243 shares, the days-to-cover ratio is presently 2.1 days.

SSAB AB (publ) Price Performance

Shares of OTCMKTS SSAAF opened at $7.99 on Wednesday. The stock’s 50-day simple moving average is $7.74 and its 200-day simple moving average is $6.87. SSAB AB has a fifty-two week low of $5.09 and a fifty-two week high of $8.73.

SSAB AB (publ) Company Profile

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.