Acerinox (OTCMKTS:ANIOY) Sees Significant Decline in Short Interest

Acerinox (OTCMKTS:ANIOY) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,098 shares, a decline of 71.2% from the June 15th total of 3,812 shares. Based on an average trading volume of 331 shares, the short-interest ratio is currently 3.3 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a research report on Monday, June 15th. BNP Paribas Exane downgraded Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday. Zacks Research raised Acerinox from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Citigroup restated a “buy” rating on shares of Acerinox in a report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Acerinox Price Performance

Shares of OTCMKTS ANIOY opened at $9.13 on Friday. The company has a 50 day simple moving average of $8.99 and a two-hundred day simple moving average of $7.95. Acerinox has a fifty-two week low of $5.87 and a fifty-two week high of $9.85. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of -91.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 1.89.

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 the consensus estimate 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 company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Analysts expect that Acerinox will post 0.53 EPS for the current fiscal 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.