Acerinox, S.A. (OTCMKTS:ANIOY) Short Interest Up 80.0% in October

Acerinox, S.A. (OTCMKTS:ANIOY) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,600 shares, a growth of 80.0% from the October 15th total of 2,000 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 1.1 days.

Acerinox Trading Down 0.5 %

OTCMKTS:ANIOY opened at $4.63 on Friday. The business’s 50-day moving average price is $5.00 and its two-hundred day moving average price is $5.16. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 11.07 and a beta of 1.45. Acerinox has a 1-year low of $4.45 and a 1-year high of $5.80.

Acerinox (OTCMKTS:ANIOY) last posted its earnings results on Tuesday, October 29th. The company reported $0.10 earnings per share for the quarter. Acerinox had a return on equity of 8.11% and a net margin of 0.79%. The firm had revenue of $1.44 billion for the quarter. Sell-side analysts predict that Acerinox will post 0.56 earnings per share for the current year.

Acerinox Company Profile

Acerinox, SA, together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.