Short Interest in Aperam S.A. (OTCMKTS:APEMY) Drops By 5.9%

Aperam S.A. (OTCMKTS:APEMY) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,600 shares, a decline of 5.9% from the March 15th total of 1,700 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 2.7 days.

Aperam Price Performance

OTCMKTS:APEMY opened at $28.50 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.01 and a quick ratio of 0.82. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 9.53 and a beta of 1.69. The company has a 50 day moving average price of $31.55 and a 200-day moving average price of $31.28. Aperam has a 1-year low of $26.52 and a 1-year high of $36.84.

Aperam (OTCMKTS:APEMY) last posted its earnings results on Friday, February 9th. The company reported $1.03 earnings per share for the quarter. The firm had revenue of $1.67 billion during the quarter. Aperam had a net margin of 3.06% and a return on equity of 5.81%. Equities research analysts forecast that Aperam will post 2.79 EPS for the current year.

Aperam Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 20th were issued a $0.4604 dividend. The ex-dividend date was Tuesday, March 19th. This is a positive change from Aperam’s previous dividend of $0.45. Aperam’s payout ratio is presently 61.54%.

About Aperam

Aperam SA, together with its subsidiaries, produces and sells stainless and specialty steel products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.