Acerinox, S.A. (OTCMKTS:ANIOY) Sees Large Drop in Short Interest

Acerinox, S.A. (OTCMKTS:ANIOY) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 3,400 shares, a drop of 10.5% from the November 15th total of 3,800 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 5.7 days.

Acerinox Price Performance

Acerinox stock opened at $5.02 on Friday. The stock has a market capitalization of $2.50 billion, a PE ratio of 62.75 and a beta of 1.44. The business has a 50 day simple moving average of $4.90 and a 200-day simple moving average of $5.09. Acerinox has a 12 month low of $4.45 and a 12 month high of $5.80.

Acerinox (OTCMKTS:ANIOY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $1.44 billion for the quarter. Acerinox had a net margin of 0.79% and a return on equity of 8.11%. On average, equities research analysts anticipate that Acerinox will post 0.6 EPS for the current fiscal year.

About Acerinox

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.