Short Interest in Aperam (OTCMKTS:APEMY) Declines By 83.9%

Aperam (OTCMKTS:APEMY) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 2,161 shares, a decline of 83.9% from the February 26th total of 13,410 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,092 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 4,092 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APEMY. Zacks Research lowered shares of Aperam from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Morgan Stanley reissued an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Citigroup restated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Oddo Bhf cut shares of Aperam to a “neutral” rating in a research report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Aperam Price Performance

Shares of OTCMKTS:APEMY opened at $39.21 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $45.08 and its two-hundred day simple moving average is $39.90. Aperam has a 1-year low of $25.97 and a 1-year high of $54.50. The stock has a market cap of $2.87 billion, a PE ratio of 245.08 and a beta of 1.06.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The firm had revenue of $1.58 billion for 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%. As a group, analysts forecast that Aperam will post 2.84 EPS for the current fiscal year.

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.