Aperam (OTCMKTS:APEMY) Short Interest Update

Aperam (OTCMKTS:APEMY) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,161 shares, a decline of 83.9% from the February 26th total of 13,410 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 4,092 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

APEMY has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Citigroup reiterated a “neutral” rating on shares of Aperam in a report on Thursday, January 22nd. Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Zacks Research lowered shares of Aperam from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a report on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Aperam Stock Up 6.1%

Shares of APEMY opened at $41.62 on Thursday. The company’s 50-day moving average price is $45.05 and its 200 day moving average price is $39.91. Aperam has a 12-month low of $25.97 and a 12-month high of $54.50. The company has a current ratio of 3.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The firm has a market cap of $3.05 billion, a P/E ratio of 260.14 and a beta of 1.06.

Aperam (OTCMKTS:APEMY) last announced its earnings results 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. Aperam had a net margin of 0.17% and a return on equity of 1.05%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.69 billion. On average, sell-side analysts forecast that Aperam will post 2.84 earnings per share for the current year.

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.