Aurubis AG (OTCMKTS:AIAGY) Short Interest Down 38.6% in May

Aurubis AG (OTCMKTS:AIAGY) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 143 shares, a decline of 38.6% from the April 30th total of 233 shares. Based on an average daily trading volume, of 160 shares, the short-interest ratio is currently 0.9 days.

Aurubis Price Performance

OTCMKTS AIAGY opened at $127.50 on Wednesday. Aurubis has a 1 year low of $50.07 and a 1 year high of $127.50. The business’s 50-day moving average is $104.43 and its 200 day moving average is $89.07.

Wall Street Analysts Forecast Growth

AIAGY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Aurubis in a report on Tuesday, May 12th. Morgan Stanley upgraded Aurubis from an “underweight” rating to an “equal weight” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Aurubis

Aurubis AG, headquartered in Hamburg, Germany, is a leading integrated copper producer and recycler. Founded in 1866 as Norddeutsche Affinerie, the company has evolved into a global multi‐metal provider, focusing on the smelting, refining and recycling of copper concentrates and copper scrap. Aurubis serves as a key supplier of high‐purity copper products to industries such as electrical engineering, construction, automotive and electronics.

The company’s core activities encompass primary copper production from mined concentrates and secondary production from recycled materials.