Short Interest in SSAB AB (publ) (OTCMKTS:SSAAF) Increases By 102.3%

SSAB AB (publ) (OTCMKTS:SSAAF) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 1,034 shares, a growth of 102.3% from the January 29th total of 511 shares. Based on an average daily trading volume, of 126 shares, the days-to-cover ratio is presently 8.2 days. Based on an average daily trading volume, of 126 shares, the days-to-cover ratio is presently 8.2 days.

SSAB AB (publ) Price Performance

Shares of OTCMKTS SSAAF opened at $7.99 on Friday. SSAB AB has a 1 year low of $5.09 and a 1 year high of $8.73. The stock’s 50-day simple moving average is $7.93 and its 200-day simple moving average is $7.04.

About SSAB AB (publ)

SSAB AB (publ) is a Stockholm-based steel company specializing in the production of high-strength, value-added steel products and solutions. With roots dating back to the formation of SSAB in 1978 through the merger of three Swedish steelworks, the company has evolved into a global supplier of advanced steels tailored for demanding applications. SSAB’s portfolio includes hot- and cold-rolled strip, coated steels, quenched and tempered (Q&T) grades, heavy plate, and wear-resistant Hardox® and structural Strenx® steels.

The company serves a broad range of industries, including automotive, construction, transportation, manufacturing, and energy.