Aperam (OTCMKTS:APEMY) Sees Large Growth in Short Interest

Aperam (OTCMKTS:APEMY) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 13,410 shares, a growth of 617.5% from the February 12th total of 1,869 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 13,622 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 13,622 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the company’s shares are short sold.

Aperam Price Performance

Shares of OTCMKTS:APEMY opened at $41.52 on Thursday. The stock has a market capitalization of $3.04 billion, a P/E ratio of 259.52 and a beta of 1.06. The business has a 50-day moving average of $45.57 and a two-hundred day moving average of $39.32. Aperam has a fifty-two week low of $25.97 and a fifty-two week high of $54.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.69 billion. On average, equities research analysts predict that Aperam will post 2.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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