Acerinox (OTCMKTS:ANIOY) Short Interest Up 185.3% in June

Acerinox (OTCMKTS:ANIOY) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,812 shares, an increase of 185.3% from the May 31st total of 1,336 shares. Based on an average daily volume of 2,990 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ANIOY. Zacks Research upgraded shares of Acerinox from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Acerinox in a research report on Wednesday, May 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Acerinox has a consensus rating of “Moderate Buy”.

Acerinox Price Performance

Shares of OTCMKTS ANIOY opened at $8.90 on Friday. Acerinox has a 1 year low of $5.87 and a 1 year high of $9.85. The firm’s 50-day moving average is $8.76 and its 200-day moving average is $7.80. The company has a current ratio of 1.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $4.44 billion, a PE ratio of -88.99 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.58). Acerinox had a negative return on equity of 2.11% and a negative net margin of 0.79%.The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $3.88 billion. Equities analysts expect that Acerinox will post 0.53 EPS for the current year.

About Acerinox

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company’s core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.