Angang Steel Company Limited (OTCMKTS:ANGGF) Sees Significant Growth in Short Interest

Angang Steel Company Limited (OTCMKTS:ANGGF) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 8,228,000 shares, an increase of 29.7% from the January 15th total of 6,344,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut Angang Steel from a “neutral” rating to a “sell” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Angang Steel Price Performance

ANGGF opened at $0.26 on Monday. Angang Steel has a fifty-two week low of $0.15 and a fifty-two week high of $0.33. The business has a 50-day moving average of $0.26 and a 200-day moving average of $0.26.

Angang Steel Company Profile

Angang Steel Co, Ltd. (OTCMKTS:ANGGF) is the overseas-traded arm of Anshan Iron & Steel Group, one of China’s leading integrated steel producers. Headquartered in Anshan, Liaoning Province, the company’s operations span the full steel value chain, including iron ore mining, coke production, blast furnace steelmaking, rolling mills and downstream processing. Its product portfolio encompasses long and flat steel products such as hot-rolled and cold-rolled coils, structural sections, wire rods, seamless tubes and galvanized sheets, serving a broad range of industrial applications.

Founded in the mid-20th century, Angang Steel has expanded from its roots in northeastern China to become a key supplier to major sectors including construction, automotive, machinery, shipbuilding and energy.