SSAB AB (publ) (OTCMKTS:SSAAF) Short Interest Up 97.7% in March

SSAB AB (publ) (OTCMKTS:SSAAF) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 37,650 shares, an increase of 97.7% from the February 26th total of 19,045 shares. Based on an average daily trading volume, of 52 shares, the days-to-cover ratio is presently 724.0 days.

SSAB AB (publ) Price Performance

Shares of SSAAF opened at $7.92 on Thursday. The company’s 50 day simple moving average is $8.09 and its 200 day simple moving average is $7.29. SSAB AB has a 1 year low of $5.22 and a 1 year 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.