Aperam (OTCMKTS:APEMY) Short Interest Down 23.6% in January

Aperam (OTCMKTS:APEMY) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,429 shares, a decrease of 23.6% from the December 31st total of 1,870 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 389 shares, the days-to-cover ratio is currently 3.7 days. Based on an average daily trading volume, of 389 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.0% of the company’s stock are short sold.

Aperam Stock Performance

Shares of Aperam stock opened at $43.00 on Friday. The firm has a market capitalization of $3.15 billion, a PE ratio of -358.30 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 0.47. The company’s fifty day moving average price is $40.54 and its two-hundred day moving average price is $35.97. Aperam has a 52-week low of $25.97 and a 52-week high of $43.00.

Aperam (OTCMKTS:APEMY) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.34). Aperam had a negative net margin of 0.13% and a positive return on equity of 0.47%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.69 billion. On average, analysts expect that Aperam will post 2.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research raised Aperam from a “strong sell” rating to a “strong-buy” rating in a report on Friday, January 9th. Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Citigroup restated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Finally, Morgan Stanley upgraded shares of Aperam from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Aperam presently has a consensus rating of “Moderate Buy”.

Aperam Company Profile

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.