Short Interest in Aperam (OTCMKTS:APEMY) Grows By 30.8%

Aperam (OTCMKTS:APEMY) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,869 shares, a growth of 30.8% from the January 29th total of 1,429 shares. Based on an average daily trading volume, of 2,942 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,942 shares, the days-to-cover ratio is presently 0.6 days.

Aperam Trading Up 5.3%

OTCMKTS:APEMY opened at $54.50 on Monday. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 340.65 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 3.15. Aperam has a 1 year low of $25.97 and a 1 year high of $54.50. The business has a fifty day moving average of $44.96 and a 200-day moving average of $38.63.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.69 billion. Aperam had a net margin of 0.17% and a return on equity of 1.05%. Equities analysts predict that Aperam will post 2.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oddo Bhf downgraded Aperam to a “neutral” rating in a report on Wednesday, January 14th. Zacks Research cut shares of Aperam from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Aperam has an average rating of “Hold”.

About Aperam

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.