Short Interest in Aperam (OTCMKTS:APEMY) Grows By 30.8%

Aperam (OTCMKTS:APEMY) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,869 shares, an increase of 30.8% from the January 29th total of 1,429 shares. Based on an average daily volume of 2,942 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,942 shares, the days-to-cover ratio is currently 0.6 days.

Aperam Stock Up 5.3%

APEMY stock opened at $54.50 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.15 and a quick ratio of 0.82. The firm has a market capitalization of $3.99 billion, a P/E ratio of 340.65 and a beta of 1.05. Aperam has a 52-week low of $25.97 and a 52-week high of $54.50. The company’s 50 day simple moving average is $44.96 and its 200-day simple moving average is $38.63.

Aperam (OTCMKTS:APEMY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Aperam had a net margin of 0.17% and a return on equity of 1.05%. As a group, equities research analysts anticipate that Aperam will post 2.84 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on APEMY shares. Morgan Stanley restated an “overweight” rating on shares of Aperam in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a report on Monday, February 9th. Citigroup reaffirmed a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Finally, Zacks Research lowered shares of Aperam from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Aperam

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.