Angang Steel Company Limited (OTCMKTS:ANGGF) Sees Significant Growth in Short Interest

Angang Steel Company Limited (OTCMKTS:ANGGF) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 8,228,000 shares, an increase of 29.7% from the January 15th total of 6,344,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Angang Steel from a “neutral” rating to a “sell” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Angang Steel has an average rating of “Sell”.

Angang Steel Price Performance

ANGGF opened at $0.26 on Monday. The stock’s 50 day moving average price is $0.26 and its two-hundred day moving average price is $0.26. Angang Steel has a 12-month low of $0.15 and a 12-month high of $0.33.

Angang Steel Company Profile

Angang Steel Co, Ltd. (OTCMKTS:ANGGF) is the overseas-traded arm of Anshan Iron & Steel Group, one of China’s leading integrated steel producers. Headquartered in Anshan, Liaoning Province, the company’s operations span the full steel value chain, including iron ore mining, coke production, blast furnace steelmaking, rolling mills and downstream processing. Its product portfolio encompasses long and flat steel products such as hot-rolled and cold-rolled coils, structural sections, wire rods, seamless tubes and galvanized sheets, serving a broad range of industrial applications.

Founded in the mid-20th century, Angang Steel has expanded from its roots in northeastern China to become a key supplier to major sectors including construction, automotive, machinery, shipbuilding and energy.