Short Interest in Aurubis AG (OTCMKTS:AIAGY) Declines By 83.8%

Aurubis AG (OTCMKTS:AIAGY) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 62 shares, a decrease of 83.8% from the March 15th total of 383 shares. Based on an average daily volume of 142 shares, the short-interest ratio is presently 0.4 days.

Aurubis Price Performance

OTCMKTS:AIAGY opened at $104.46 on Friday. The stock has a 50 day simple moving average of $95.75 and a 200 day simple moving average of $77.36. Aurubis has a 1-year low of $42.98 and a 1-year high of $104.46.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AIAGY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Aurubis in a research report on Friday, February 6th. Morgan Stanley raised Aurubis from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Aurubis presently has a consensus rating of “Hold”.

About Aurubis

Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi‐metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high‐purity copper products to industries such as electrical engineering, construction, automotive and electronics.

The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.